The European Commission expects a 2.5 percent increase this year and a 2.8 percent growth for the next year in Hungary

By: trademagazin Date: 2016. 05. 03. 11:30

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)

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