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)
Related news
Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >A new approach to corporate management is taking over: this is how you can prepare your company for the AI era
The corporate sector is barely past the agile transition, the…
Read more >Hungary has been in the EU for 20 years: how has GDP per capita changed?
On May 1, 2004, ten new states joined the European…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >