GKI: Growth in consumption can accelerate the economy next year
The Hungarian economy is on the track indicated in September 2017. Economic growth will accelerate as a result of the start of EU subsidies and the accelerated consumption growth triggered by rapid wage fluctuations. GDP growth will be 3.8 percent in 2017 and in 2018, after the 2.2 percent of 2016.
This is well above the EU average, but one of the lowest in the region, and in 2018 it is unlikely to change significantly. At the same time, GKI also increased its projection for consumption growth by 0.5 percentage points, to 4 percent for 2017 and to 3.5 percent for 2018, which is causing faster import growth than previously thought.
Related news
Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >A new approach to corporate management is taking over: this is how you can prepare your company for the AI era
The corporate sector is barely past the agile transition, the…
Read more >VIMOSZ: optimism in the tourism sector
Persisting optimism characterizes the Hungarian tourism sector, the players of…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >