The Takarékbank expects economic growth above 4 percent next year

Thanks to a favorable external environment and a boom in domestic investment, the economic growth may continue to accelerate.

Takarékbank’s analysts expect a 4 percent growth in GDP for 2017 and 4.2 percent for 2018 – Suppan Gergely, Takarékbank’s chief analyst told at a press conference in Budapest on Friday.
He said that the deficit-to-GDP ratio of public finances may fall short of the 2.4 percent plan in 2017 and 2018 and may be 1.4 percent this year. Government debt-to-GDP ratio may continue to decline. By the end of the year it may be 72 percent and may fall below 70 percent next year. (MTI)