Britain scores an own goal
In the United Kingdom almost 60 percent of the members of the ruling Conservative Party want PM Theresa May to resign, after the party lost the majority of their seats in the parliament at the general elections. At the moment it can’t be told how the election result will affect the BREXIT talks, but it could happen that a new referendum will be held. In the euro zone the inflation rate was a bit lower in May than in the previous month (1.4 percent) and moved away a little from the ECB’s 2-percent target. Early June the FED announced its plans to raise the base rate. In Q1 2017 the GDP growth was 1.2 percent in the USA – lower than in the previous quarter but higher than expected. In Hungary the BUX index was up 4.8 percent. The forint has strengthened by 1.2 percent against the euro and by 3.6 percent against the dollar. As for the world market, despite the risks present, global economic growth and growing inflation are forecasted for 2017.
Balázs Gödrösy
managing director
GFS Consulting
Related news
Is Brexit still a challenge for logistics?
The impact of Brexit on trade between the United Kingdom…
Read more >Brexit – Study: British trade with the EU fell sharply
The value of bilateral trade between the European Union and…
Read more >iBanFirst foreign exchange market outlook: Euro, dollar and forint forecast for the first quarter of 2024
Entering the year 2024, the economic dynamics will create new…
Read more >Related news
Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >2025 brought an unpredictable season to the stone fruit market
The 2025 stone fruit season is characterised by contrasting trends…
Read more >Top 10 Places for the Best Cottage Cheese Dumplings in Hungary
There’s a dish that transcends generations, evoking both the nostalgia…
Read more >