The GKI consumer confidence index plummeted in April

Surprisingly, the GKI economic sentiment index dropped hardly in March, business expecta-tions worsened slightly, and consumer ones remained unchanged. This is obviously due to the fact that the survey, conducted by GKI (www.gki.hu) with the support of the EU, was con-ducted at the usual time, between March 1 and 8 for consumers and between March 5 and 13 for businesses, before the coronavirus emergency announced on March 11. However, for the first time in six and a half years, business expectations became again negative, meaning that slightly more companies expected the future to be worse than good. On the other hand, the assessment of the Hungarian economy’s prospects plummeted similarly as they did in October 2008. More…