The European Commission expects a 2.5 percent increase this year and a 2.8 percent growth for the next year in Hungary
This year, 2.5 percent, next year 2.8 percent economic growth is expected in Hungary by the European Commission, which published its spring economic forecasts for both the EU and for the individual member states in Brussels on Tuesday.
The EcFin recalls that the Hungarian gross domestic product (GDP) increased by 2.9 percent last year, and by 3.7 percent in 2014. The expected slowdown in increase is due to the decreasing absorption of EU funds, and thereby reducing their growth-promoting power. After this year's 1.7 percent decline, investments will rise by 4.0 percent next year again. (MTI)
Related news
Rapeseed producer prices rose by 46 percent
According to European Commission data, the Canadian export price (FOB)…
Read more >More than 250,000 Hungarian farmers stand in favor of preserving area-based subsidies
The NAK and MAGOSZ representatives personally took the petition to…
Read more >Eggs are also becoming more expensive in the EU
According to data from the European Commission, the EU (EU27)’s…
Read more >Related news
Márton Nagy: the government would introduce margin restrictions for stores selling household goods
The government may discuss on Wednesday and is expected to…
Read more >More expensive Barbie, thinner Heinz – Trump’s tariffs redraw the global consumer market
The impact of Donald Trump’s tariff policy is affecting more…
Read more >Almost 20 percent cheaper food? The government is satisfied with the results of the margin reduction
“Thanks to the margin reduction, more and more products can…
Read more >