Századvég Forecasts 3.3% Growth This Year In Hungary
- 22 Sep 2014 9:00 AM
Hungary’s economy will grow by 3.3% this year and by 2.4% in the next, thinktank Századvég told MTI. Investments, especially in vehicle making, will boost growth this year, and domestic consumption in 2015, while technical factors and the phasing out of the National Bank of Hungary’s credit for growth scheme will slow down the economy in 2015.
Analysts expect private investment to replace state projects financed from EU sources as a result of increased demand for loans in the second phase of the central bank’s programme, the analysis said.
Annual inflation is expected to come in below the central bank’s target of 3% in 2014-2015. It will likely pick up by the end of the period due to base effects and increased domestic demand.
Source www.hungarymatters.hu
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