GKI: GDP decreases by 1.5 percent this year and increases by 0.8 percent next year

The gross domestic product (GDP) decreases by 1.5 percent this year and increases by 0.8 percent next year – shows the forecast of the GKI Economic Research Company.

Vértes András, president of the company stressed at a  press conference in Budapest on Wednesday, that Hungary is falling economically behind the EU. Without economy political turn, the country will be hampering without perspectives for years.

GKI forecasts that inflation this year will be 5.7 percent and 4.7 percent is expected for 2013, while the budget deficit – in EU methodology – will be 2.9 percent in 2012,and 3 percent next year – the president said. (MTI)