Savings Bank: economic growth will slow this year, but will accelerate in 2017

Economic growth will slow to 2.5 percent this year, however in 2017 it may accelerate to 3.1 percent – the analysts of the Savings Bank (Takarékbank) say.

The bank's first quarterly macroeconomic forecast expects a 1.1 percent inflation this year that will increase to 2.6 percent in 2017.

The net savings position of the national budget is the best now in many years, the public debt might be reduced further and a strong improvement can be seen in the external balance indicators. (MTI)