Századvég: the economy may expand with 3.6 percent this year and with 3.4 percent in 2018
According to the latest forecast of the Századvég Gazdaságkutató Zrt. economic researcher, the Hungarian economy in 2018 may grow by 3.4 percent this year and by 3.6 next year. If certain conditions are met the Hungarian economy may even exceed the 4 percent growth.
The research institute in its forecast sent to MTI on Wednesday explained: the engine for growth this year and next year might by consumption and the investments. The increase in consumption is caused by the increase in households’ disposable income, which is attributable to the favorable labor market developments (falling unemployment, rising wages). Wages are expected to increase by an average of 10 percent. (MTI)
Related news
Arla invests in milk-drinks production
Arla Foods is looking to support the growth of its…
Read more >Aldi Ireland And Dawn Meats Enter €125m Contract
Aldi Ireland announced last week a new €125 million contract…
Read more >According to forecasts, 300,000 people may be missing from the Hungarian labor market by 2030
At a recent conference held by the Employers and Industrialists…
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 >