Pénzügykutató expects 6.5 percent economic growth by 2021

By: Trademagazin editor Date: 2021. 09. 29. 11:25

Pénzügykutató Zrt. expects economic growth to be more moderate than 7.6 percent in the first half of the year, only due to the higher base. On average for this year, gross domestic product growth is forecast at 6.5 percent, with downside risks, the research institute said in its quarterly forecast released Wednesday.

The Hungarian economy could expand by six and a half percent this year

The nominal amount of gross domestic product, calculated with a GDP deflator estimated at 6.5 percent due to high inflation, is set at 54,141 billion HUF.

Their forecast for the second half of the year was compiled on the assumption that even if there were closures in the last quarter due to new waves of the pandemic, their depth and extent would not reach the beginning of the year. Internal markets continue to pick up, with households beginning to make up for their deferred consumption. In terms of investment, intensifying competition is increasing the acceleration of modernization. (MTI)