Forecast for 2016

nyilDue to the decrease of EU transfers and hence public investments, the deceleration of GDP growth in the first quarter of 2016 could have been foreseen. Nevertheless, in the light of the investment restraining effects of the Hungarian model that had been at work for six years the slowdown proved to be unexpectedly spectacular. In addition, in some segments of industry sales problems appeared in the first quarter.

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Forecast for 2016

lajharDespite the numerically similar projections for economic trends in 2016, there are still huge differences in the interpretation of these figures. The government envisions sustainable growth and catching up with Austria in the foreseeable future. GKI, however, can only observe partial successes
and continuous lagging behind the CEE region. In recent months the present Hungarian government continued the completion of the model by passing market economy, legal certainty and transparency. Anti-EU attitudes reached a new, more manifest phase. Read More …