The GKI economic sentiment index fell by an unprecedented extent of almost 30 points, apparently due to the economic effects of the COVID-19 epidemic. The business confidence index declined by about 25 points and the consumer one by nearly 40 points. Although during the global economic crisis, in the first half of 2009, expectations were already much more pessimistic, the GKI economic sentiment index has never fallen by more than 10 points in a single month. (See the interactive Vizzu graph below showing the course of previous crises as well.)
GKI’s economic sentiment index plummeted by an unprecedented extent in April
The GKI economic sentiment index fell by an unprecedented extent of almost 30 points, apparently due to the economic effects of the COVID-19 epidemic. The business confidence index declined by about 25 points and the consumer one by nearly 40 points. Although during the global economic crisis, in the first half of 2009, expectations were already much more pessimistic, the GKI economic sentiment index has never fallen by more than 10 points in a single month. (See the interactive Vizzu graph below showing the course of previous crises as well.)
You can reach the archive of survey summaries here.
Related news
GKI analysis: Earnings – how much is too much?
One of the most common questions in recent months is…
Read more >Hungarians expect high prices: inflationary illusions hardly change
In the perceived price level change, the difference between the Hungarian…
Read more >GKI analysis: Small but strong: the situation of Hungarian SMEs
In the past two months, the government has made strengthening…
Read more >Related news
The Christmas season is starting earlier and earlier: value for money is the key
This year, 40 percent of Hungarians brought their Christmas shopping…
Read more >They want it to be premium, but also sustainable – expectations of the youngest generation
GlobalData’s latest report, “Demographics in Retail and Apparel” – which…
Read more >In six months, consumers donated 100 million forints to charitable causes through the mandatory redemption system
Through the deposit bottle return system, which began six months…
Read more >