MNB: consumption, investment and exports promise a more than expected growth in 2018

Based on the data received since December’s Inflation Report, the Hungarian National Bank (MNB) expects more favorable consumption and investment processes and a slightly stronger export growth.

The experts of the Hungarian National Bank (MNB) expect a higher growth in the short term: 4.2 percent instead of the previously forecasted 3.9 percent in the latest Inflation report published on Thursday.

However, next year, the GDP growth rate is expected to gradually slow down: in 2019 a 3.3 percent and in 2020 a 2.7 percent increase is expected by the MNB. (MTI)