The chairman of the Fiscal Council expects a two-three percent increase in the future

By: trademagazin Date: 2015. 12. 17. 11:21

The GDP growth can be close to 3 percent this year, in the future 2-3 percent annual economic expansion can be expected – Kovács Árpád, chairman of the Fiscal Council (KT) and President of the of the Hungarian Economic Association said at the Hungarian Financial Almanac conference on Thursday in Budapest.

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He explained that the GDP in the first half of this year grew by around 3 percent, after the 3.6 percent growth of 2014, but in the second half of this year a slowdown was experienced, while in the next year the economy may grow around 2-2.5 percent. The annual growth in Hungary is slightly below the regional average, but far above expected the EU average – he said. (MTI)

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