Raiffeisen expects 3.4 percent growth this year
This year, the economy may grow by 3.4 percent in Hungary, but in 2020-2021, the economy is expected to grow by only 2-3 percent – RaIffeisen Bank told MTI in its quarterly economic analysis.
The financial institution emphasized that Hungary reached the peak of its current economic cycle in 2018, with economic growth gradually slowing down in the coming quarters. The external environment will become less and less supportive for the growth in Hungary, and economic policy will be less able to support growth than before – according to the Communication. (MTI)
Related news
K&H: Middle-aged people perceive inflation to be much more severe than the actual data shows
The inflation perception of middle-aged Hungarians continues to far exceed…
Read more >Inflation rose again in June – rising fruit prices are pushing up prices
Annual inflation rose to 4.6 percent in June, compared to…
Read more >László Krisán: Stabilisation is the first step, but new answers are needed to be competitive
László Krisán, the CEO of KAVOSZ Zrt. has assessed the…
Read more >Related news
NKFH: database launched on smaller packaging
Consumers can find out about products whose packaging has been…
Read more >Temu attacks: the online discount giant would also break into the European food market
After cheap electronics and clothing, the Chinese online marketplace Temu…
Read more >This is how Hungarians eat lunch – we are still a meat-eating nation
A recent domestic study revealed how Hungarian food culture has…
Read more >