Export can pull the Hungarian economy this year, domestic demand will also increase

All analysts agree that the growth of the Hungarian economy will accelerate this year. The forecasts expext 2.3 to 3.1 percent expansion. The majority believes that export can pull the GDP, however, household consumption can also accelerate partly because of the favorable tax changes.

After last year’s one percent increase, the Hungarian weconomy almost certainly accelerate in 2011. All the Hungarian and international institutions expecting the expansion of the Hungarian economy in the 2011 growth forecasts, but the scale of the expansion is different. The majority of analysts say, that the government’s 3 percent aim is too ambitious – reports.