GKI economic forecast for 2009-2010

According to the summer data of GKI Economic Research company, the greatest economic crisis of the last 70 years has ended. However, the magnitude and the sustainability of improvement are rather uncertain.

The world economy left behind the most painful period of the greatest crisis recorded in the past 70 years. All over the globe, including Hungary, the economic sentiment and stock exchange indices are on the ascend and the risk appetite of investors is increasing. These are signs of improvement in real economic prospects.
Recession in Hungary was greater than the average: in the first half of 2009, compared to the same period of the previous year; the contraction of GDP was 4.8 per cent in the EU and 6.4 per cent in Hungary. The development of the Hungarian economy in 2010 depends mostly on the evolution of the global crisis and the global consolidation and recovery trends.