GKI: slowing growth and upgrade may come this year
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.
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)
Related news
GKI article in the EU: 20 years of change
Are we falling behind the Visegrád countries, or are we…
Read more >GKI is more pessimistic than the government about growth, inflation and public finances
GKI hasn’t changed its 2-2.5% growth forecast for 2024. However,…
Read more >For the green transition, some raw materials can cover the need in Hungary to a certain extent
In Hungary, there are raw materials from which the need…
Read more >Related news
Euro zone inflation was 2.4 percent in April as well after March
In line with analysts’ expectations, annual inflation in the euro…
Read more >Gergely Suppan: the recession is clearly over in Hungary
The recession is clearly over in Hungary, from now on…
Read more >K&H: the inflation anomaly is clearly visible, but customers perceive it differently
Although inflation has slowed down a lot, according to the…
Read more >