Takarékbank revised its growth forecast for last year and this year downwards

By: Trademagazin editor Date: 2022. 01. 21. 11:50

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Macroeconomic analysts at Takarékbank and the Magyar Bankholding have downgraded their GDP forecast for 2021 to 6.9 percent from 8 percent and this year’s growth forecast to 6 percent from 7 percent, mainly due to component shortages, the financial institution said in an online press conference on Friday.

Takarékbank and Magyar Bankholding expect lower economic growth and higher inflation than previously forecast

Analysts at the financial institution say inflation could rise to 5.5 percent this year from 5.1 percent last year.

The central bank base rate could rise to 4 percent in the first quarter and remain at that level until the end of the year; and the one-week deposit rate may rise to 4.75-5.00 percent, depending on inflation. (MTI)