GKI continues to expect a GDP growth of 2 per cent in 2016. Internal and external equilibria are very favourable, and inflation almost ceased, although it slowly began to pick up in September. The significant decline in investments in 2016 will be followed by a noticeable growth in 2017 mainly due to the restart of the inflow of EU transfers, while consumption, which is increasing very rapidly this year, will barely slow down. GKI expects GDP growth of 2.7 per cent in 2017. In October, the IMF lowered its 2016 GDP growth forecast for Hungary to 2 per cent and left it unchanged at 2.5 per cent for 2017.
You can download the forecast from here.
