Századvég: economy may expand by 2.1 percent this year and 3.2 percent next year

According to the forecast of the Századvég Gazdaságkutató Zrt., the Hungarian economy in 2016 will expand by 2.1, while in 2017 by 3.2 percent. Expansion this year may grow mostly due to the expected consumption growth of over 4 per cent and net exports may also help. Next year the value of investments may increase.

The research institute in its forecast – that was sent to MTI on Monday – highlights that inflation will remain low this year: 0.4 per cent, while for next year 1.6 per cent is expected.

According to the “Macroeconomic Monitor and Business Cycle Analysis” of the Századvég Gazdaságkutató Zrt. (Századvég Economic Research Co.) the first quarter’s lower than expected economic growth may be temporary. The Századvég expects the strengthening of net exports in the remainder of the year, which can contribute positively to growth on an annual basis as well. (MTI)