Equilor: the second wave of the pandemic is not expected to bring about a similar economic slowdown to the first

By: Trademagazin editor Date: 2020. 09. 22. 11:22

The second wave of the coronavirus pandemic is not expected to bring a similar slowdown in the world economy to the first, Török Lajos, chief analyst of Equilor Befektetési Zrt., emphasized at the investment company’s online press conference on Tuesday.

According to Equilor’s expectations, there may be a 5 percent economic downturn in Hungary this year, while a 4-4.5 percent growth is expected next year, and in 2022 the economy may expand by another 4 percent. Inflation may remain above the 3 percent level this year, which could last until the end of 2022 – Török Lajos explained.

He pointed out that the previously strictly held Hungarian general government deficit could be much higher, reaching up to 8 percent this year, and returning to the previous 3 percent deficit target only in 2022-23. (MTI)