Kopint-Tárki expects a 6.6 percent GDP decline in the fourth quarter of this year

By: Trademagazin editor Date: 2020. 12. 17. 11:40

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Due to the recurrence of the pandemic, Kopint-Tárki Zrt. Expects a 6.6 percent decline in gross domestic product (GDP) for the fourth quarter of this year in its latest business report issued on Thursday, but confirmed its September forecast for a 5.8 percent decline for the year as a whole. The institute maintains its previously released forecast for 2021, expecting a 3.5 percent increase.

The deterioration is expected to be reflected in a further worsening decline in consumption in the last quarter of the year. Investment continues to decline, the employment situation may deteriorate again, but it will not reach the size of the spring redundancy wave. Inflation has moderated slightly in recent months, with Kopint-Tárki expecting a consumer price index of 3.3 percent for the full year and 3 percent next year.