Raiffeisen analysts have raised their growth forecast this year to 3.8 percent

By: Trademagazin editor Date: 2017. 06. 28. 11:22

Raiffeisen Bank analysts have upgraded their expectations for the GDP growth to 3.8 percent from the previous 3.2 percent for 2017 – Török Zoltán, senior analyst at Raiffeisen Bank said at the financial institution’s press conference in Budapest on Wednesday.

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He said that Raiffeisen’s analysts were surprised by this year’s first quarterly statistics, mainly the figures on industry expansion and investment trends. He added that as a result, the Bank’s experts expect the strengthening of both household and government consumption in the second quarter of the year. (MTI)

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