Pénzügykutató sees inflation reaching 3.4 percent in 2019 then falling to 3.2 percent in 2020. Unemployment could edge down a little to around 3 percent while real earnings could grow by 7 percent this year and by 6 percent next year.
The budget deficit may amount to 1.7 percent of GDP this year and fall to 0.9 percent in 2020 according to ESA methodology.
Government debt-to-GDP ratio should fall to 67.8 percent by the end of the year and drop to 64.5 percent by the end of 2020.
Pro-Fidesz economic research company Századvég raised its projection for this year’s GDP growth to 4.8 percent in a forecast released on Monday from 4.3 percent in a projection published in June.
Századvég raised its forecast for the rise in household consumption expenditures to 4.7 percent from 4.5 percent. It modified its forecast for investment growth to 15.8 percent from 13.7 percent.
First-half investment volume was up 19.3 percent year-on-year, the latest data from KSH show.
The official government forecasts for GDP growth are 4.0 percent for 2019 (but Finance Minister Mihály Varga said after a release of Q2 data showed higher than expected growth that the full-year figure could reach 4.3-4.4 percent), 4.0 percent for 2020 and 4.1 percent in 2021 based on the April update of the government’s Convergence Programme.