GKI: slowing growth and upgrade may come this year

By: trademagazin Date: 2015. 03. 02. 11:45

After last year's exceptionally fast 3.5 percent growth, a deceleration may come. The GKI expects a 2 percent economic growth, and that the credit rating agencies will upgrade Hungary’s classification in the second half of the year – according to GKI Economic Research Company’s forecast.

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GKI sees that the forthcoming economic growth slowdown will be mainly due to the reducing EU subsidies, while business investments are barely growing. After two good years in agriculture a slight decline is likely occur in the sector. Despite the positive growth of last year and the state debt has not decreased, so the scope of fiscal policy is tight – the GKI wrote. (MTI)

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