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Despite GDP growth in Hungary in 2015 was below 2016 figures (3.7%), the economy grew by 2.9%.
The biggest impact for growth was due to improvements in the European economy and the start of new projects financed by the EU. Household expenditures and increase in net export were some of the main positive reasons. Thanks to actions that relieved pressure on mortgage financing, low inflation and the growth in nominal salaries, income of households grew, which encouraged growth in household consumption.
In February, consumer prices decreased by 0.1%. It was caused by slipping fuel prices and also prices for clothes and shoes ... (read more)