GKI: the economy is slowing down
The growth figures in the beginning of the year indicate a slowdown in the Hungarian economy. GKI’s GDP forecast remained unchanged: after the 3.7 percent growth of 2014 and last year's 2.9 percent, expansion in 2016 is likely to be only about 2.3 percent, mainly due to the decline in investments – the GKI Gazdaságkutató Zrt. told.
GKI’s forecasts points out that the international forecasting institutions reduced their forecasts further for Hungary's economic dynamics in recent months as well as their economic expectations. The main reason behind this slowdown is not export deceleration, but a lower investment of around 5 percent, due to the decrease in EU subsidies and the low investment willingness of the business sector. (MTI)
Related news
IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Hungary has plenty of work to do in the regional “long-distance running”
Based on the ten- and twenty-year trends – one of…
Read more >Agrometeorology: nighttime ground frosts are returning
Temperatures corresponding to the first half of April will remain,…
Read more >Related news
Waves in the company trend – the changing faces of liquidations and company formations
Even with decreasing terminations, decreasing numbers of companies in the…
Read more >IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Domestic businesses are planning cautiously but consciously – VOSZ Barometer business sentiment analysis – Q1 2024
Uncertainty is still strongly felt in the business mood of…
Read more >