The MNB expects less investments, but further economy growth

The National Bank of Hungary (MNB) has significantly reduced its forecast for the investments: in its March projections, the MNB calculated with an increase of 5.2 percent for this year, however the forecast of June forecasts only a 2.2 percent growth for this year.

For the next year a 2.1 percent decline in investments is expected by the Central Bank, due to the decline of EU resources. As a result of consumption and exports, the strong growth of the Hungarian economy may continue the next year.

The consumption of households will increase by 3.2 percent this year, and by 3.0 percent next year, while exports will increase by 8 percent this year, and 7.9 percent next year. According to current forecasts, these factors will be the engines of growth. (MTI)