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Government still projects around 3 pc GDP growth for 2015

Government still projects around 3 pc GDP growth for 2015

Budapest, August 14 (MTI) – An economic growth projection of around 3 percent is still realistic for 2015, supported by favourable internal and external developments, the state secretary for public finances at the economy ministry said on Friday.

Peter Beno Banai told a press conference that the Central Statistical Office’s 2.7 percent projection published earlier today was below the economy ministry’s expectations but it is a first estimate that could still change. Agricultural output could have fallen in the second quarter from last year’s high and this explains the lower than expected projection, he added.

The 3.1 percent GDP growth in the first half of 2015 is favourable in international comparison. The European Commission calculated 1.8 percent growth for the whole of the European Union, he added.

Source: http://mtva.hu/hu/hungary-matters

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