GKI: Hungary's GDP may expand by 2 percent this year and by 2.7 percent in 2017

According to the most recent forecast of the GKI Gazdaságkutató Zrt. ( GKI Economic Research Co.), Hungary's GDP may expand by 2 percent this year and by 2.7 percent in 2017.

According to the forecast, the budget deficit will be slightly worse than the government's expectations. It will be 2.3 percent this year and 2.5 percent next year of the debt-to-GDP ratio while the debt ratio may decline to 74.5 percent in 2016, from the 75.3 percent of 2015. By the end of 2017 it is expected to dacrease to 73.7 percent. (MTI)