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)
Related news
The unexpectedly low inflation in June surprised analysts
The Hungarian inflation data published this week caused a pleasant…
Read more >Food prices rose at an accelerating rate in Germany
Inflation in Germany slowed down in June, according to the…
Read more >Food prices rose by 1.1 percent in Romania
Annual inflation in Romania fell to 4.9 percent in June,…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >