The economy is slowing down

teknősGrowth data at the beginning of the year indicate a slowdown in the Hungarian economy. In recent months, international forecasting institutions have reduced their GDP forecasts for Hungary and economic expectations have also deteriorated slightly. The GDP forecast of GKI is unchanged: the annual average growth rate will only be around 2.3 per cent in 2016, after 2.9 per cent in 2015 and 3.7 per cent in 2014, especially due to the decrease in investments.

You can download the forecast from here.

You can find the archive of GKI’s forecasts here.

More information.