GKI expects Hungary’s GDP growth to slow to 2.0pc next year from an expected 2.7pc in 2015. The economic research institute’s latest quarterly forecast sees growth set to decelerate on a temporary fall in European Union funding, a slower rise in domestic consumption and falling demand for exports. Chairman András Vértes said GKI projects the general government deficit will reach 2.6pc of GDP this year and 2.3pc next year, over the respective 2.4pc and 2.0pc government targets.
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