The Savings Bank has improved its GDP forecast

Takarékbank’s analysts have slightly increased their forecast for GDP growth this year, from 4.5 percent to 4.6 percent – basically on the basis of boosting investment – Suppan Gergely, senior analyst at Takarékbank said in Budapest, at the financial institution’s press conference.

The annual average inflation is 2.7 percent this year, and will only reach the 3 percent target in the middle of next year. He said: due to the increasing labor shortage, a wage explosion may occur, partly because both the regional and the domestic outlook are favorable. (MTI)