According to the forecast of GKI Economic Research Co. prepared in co-operation with Erste Bank, the rate of growth of Hungary's GDP will be around 1 per cent due to the rapid expansion of exports and the improvement of domestic demand – the latter is expected to take place only at the end of the year.
According to the forecast of GKI Economic Research Co. prepared in co-operation with Erste Bank, the rate of growth of Hungary's GDP will be around 1 per cent due to the rapid expansion of exports and the improvement of domestic demand – the latter is expected to take place only at the end of the year. The assessment of the Hungarian economy by financial markets has deteriorated since the elections: the forint saw sustained weakening, the market rate and the country risk increased, thus the official rate of the central bank could not be cut further.
You can download the analysis from here.
