A very fast growth can be expected in 2018 , it will slow down noticeably next year

While most forecasters project a GDP growth rate of 4-4.5 per cent for 2018, they—with the exception of the government—expect only 3-3.5 per cent for next year. (GKI projects at least 4.2 per cent this year, and only about 3.2 per cent next year.) The rate of increase in investments financed by EU transfers and in household consumption, boosted by the elections as well, is expected to slow down. In addition, the trends in European business activity are also uncertain. For the time being, fiscal and monetary policy is loose. Relations between Hungary and the EU are tense.

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Slowdown continues


According to the forecast of GKI Economic Research Co., the slowdown of the Hungarian economy that started in the second quarter of 2015 will continue. The 3.6 per cent growth rate in first-quarter was followed by only 2.7 per cent in the second quarter and summer data suggest a further deceleration. After 3.6 per cent in 2014, the GDP growth rate will be 2.7 per cent in 2015 and around 2 per cent next year, mainly due to the stagnation of investments in 2015 and their decline in 2016. However, internal and external equilibria will be favourable. Read More …