GKI: Forecast for 2019-2020
The Hungarian economy grew by 4.9 per cent in the second quarter of 2019, faster than expected. This was the highest growth rate in the EU. However, the slowdown, if only to a very small extent, has begun (the growth rate was still 5.3 per cent in the first quarter). According to the data of the first half of 2019, growth of the Hungarian economy is driven by investments and consumer demand. Domestic demand grew by 5.5 per cent, faster than GDP (by 5.1 per cent). The foreign trade surplus continued to go up in the second quarter, and the slightly increasing surplus of services could not offset the significantly deteriorating merchandise trade balance. GKI’s current forecast of the annual GDP growth rate of about 4.3 per cent in 2019 is in line with the recent expectations of the government and the National Bank of Hungary.
Related news
GKI: Digital competences in Hungary
In today’s information society, digital competences are valued on the…
Read more >GKI: Do Hungarians really pay a lot of taxes?
In public discourse, we often encounter criticism of high domestic…
Read more >In July, the economic index of the GKI barely changed
According to a survey conducted by the GKI Gazdaságkutató –…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >