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)
Related news
Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >Inflation in Italy accelerated to 1.7 percent in June
In Italy, consumer prices rose by 1.7 percent year-on-year in…
Read more >MNB Director: The central bank expects 4.7 percent annual inflation this year
Inflation is expected to exceed the central bank’s tolerance band…
Read more >Related news
Irrigation water resources equivalent to one-third of Lake Balaton are available
Despite the extraordinary drought and lack of precipitation, we can…
Read more >Free irrigation water provided to farmers is a key element in the fight against drought
Free irrigation water provided to farmers is a key element…
Read more >Corporate leaders’ commitment to sustainability at record level
According to the latest data from the K&H Sustainability Index,…
Read more >