Savings Bank: GDP may expand by 3.2 percent this year

According to the analysts of the Savings Bank (TakarékBank), the Hungarian gross domestic product (GDP) may increase significantly this year, by 3.2 percent.

The engine of growth will primarily be the strengthening of private consumption, while the annual inflation rate may remain in negative territory for most of the year.

Suppan Gergely, the senior analyst of the bank told on Wednesday in Budapest at the financial institution's press conference that the population's real wages are expected to increse by 4 percent this year. (MTI)