Analysts expect lower economic growth

The analysts polled by MTI, expect a slower 1.4 to 3.0 percent economic growth than before, because of the exchange rate movements of the past days and weeks. Others will review their forecast after the 2nd quarterly preliminary GDP data, that will be released on the 18th of August.

This year's GDP growth can be slower than the expected 2.6 percent by up to 0.2 to 0.3 percentage points, but the slow down can be twofold – said Árokszállási Zoltán. The analyst of Erste Bank reviewed his previous forecast, due to the stagnating private consumption. As he said, the strenghtening of the Swiss franc makes the situation of the foreign currency debtors more difficult and the fixing of the rate will help only in short-terms – reports MTI.