Századvég expects 2.6% GDP growth in 2015
Századvég, a group best known for their research arm, which is closely affiliated with ruling Fidesz party, expects Hungary's economy to grow 2.6% next year, Hungarian news agency MTI reported today.
Earlier this week, Hungary's Economy Minister Mihály Varga said he was expecting the country's GDP growth rate to rise 0.5-0.6 percentage points over the 2.5% target for next year if oil prices remain low, with a probability of reaching 3%.
Yesterday, Hungarian online daily atv.hu reported that lower external demand and government expenditure may slow the economy to 2.5% in 2015.
Századvég puts average annual inflation at 1.6% next year, which is well above MNB's estimate of 0.9%, and projects the general government deficit to reach 2.3% of GDP, slightly under the 2.4% target in the 2015 budget.
Századvég believes that the unemployment rate would drop to 7.1%, gross wages would climb 3.5%, with an export growth of 6.4% and import would increase 6.1%.
Hungary Gasoline Prices 3% Over Regional Avg
Gov't Wants Sustainable Business Model for Magyar Posta
120,000 Guest Workers Employed in Hungary
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
