GKI: Improvement in terms of trade

The GKI Economic Research Co. predicts that – although in 2014 the growth was approx. 3.2 percent a temporarily extremely rapid growth – the deceleration started in the third quarter of last year has begun will continue in 2015-2016 as well.

This year around a 2 percent GDP dynamics is expected. The terms of trade improved primarily for political reasons, due to the decline in World oil prices, and thus inflation is lower than it was expected before, while consumption is higher and , and external balance is likely to be more favorable.