Raiffeisen: 2.2 percent economic growth and 0.5 percent inflation is expected this year

This year Hungary's GDP may expand by 2.2 percent, as the economy is in a growing pit, however, annual inflation will be only 0.5 percent – Török Zoltán senior analyst of Raiffeisen Bank said at a press conference in Budapest on Tuesday.

Raiffeisen’s senior analyst explained that economic growth will be smaller than in the previous years. The slowdown clearly due to the declining use of EU funds. The EU funds have increased the demand, but without EU funds, the Hungarian economy is unable to reach more than 2-2.2 percent higher growth – he added. (MTI)