The GKI expects accelerating consumption and stagnation in investment
According to the forecast of the GKI Gazdaságkutató Zrt. (GKI Economic Research Co.), the growth was exceptionally fast temporarily in 2014: 3.6 percent.
However the Hungarian economy was not able to stay on the track providing long-term convergence, compared to the region. This year's outlooks predict a slower growth of around 2 percent. The investments are expected to stagnate, however, the consumption and export surplus can contribute to the economic growth with a higher degree, compared to last year.
Related news
GKI: The need for competitiveness reforms in the EU and Hungary’s role in the changes
The European Union faces significant competitive challenges, needing reforms as…
Read more >We can be cautiously optimistic
Dr Ákos Kozák, co-founder of the Equilibrium Institute gave a…
Read more >Márton Nagy: Domestic consumption is strengthening
Domestic consumption is strengthening, internal demand and the performance of…
Read more >Related news
Amazon uses AI to scan products for defects before delivery
Amazon uses AI to detect faulty products before they are…
Read more >Consumers are skeptical about the sustainability of companies
Since 2022, the maturity of companies in the field of…
Read more >Internal trade slowed down massively
This morning, the Central Statistical Office published retail sales data…
Read more >