GKI: slowing growth, accelerating consumption

In the first quarter, only the Greek growth was worse than the Hungarian growth. Due to the worse than expected data the GKI modified this year’s growth forecast from 2.3 percent to 2 percent, but even slower GDP growth can be imagined as well – the GKI Economic Research Co. told.

The research institute in its forecasts sent to MTI highlights that due to the fall in the construction industry the investment is likely to decline even more significantly by around 8 percent. However, due to rapid wage increases the consumption growth can be 3.5 percent. (MTI)