Morgan Stanley: household consumption is the engine of the Hungarian economy

The GDP can grow by 3.5 percent this year in Hungary, after last year's 3.6 percent, Morgan Stanley’s recent analyst predicts that the increase is mainly supported by the domestic demand, but the fact that the prospects for growth improved in the euro zone’s countries, can also boost the economy – Világgazdaság wrote.

According to the article, Morgan Stanley partly bases its expectations on the significantly increasing industrial production in the first months of 2015 and on the exports. According to the analyst house, this year not the investments, but the consumption of the households may be the engine of domestic demand. (MTI)