GKI: Improvement in terms of trade
The GKI Economic Research Co. predicts that – although in 2014 the growth was approx. 3.2 percent a temporarily extremely rapid growth – the deceleration started in the third quarter of last year has begun will continue in 2015-2016 as well.
This year around a 2 percent GDP dynamics is expected. The terms of trade improved primarily for political reasons, due to the decline in World oil prices, and thus inflation is lower than it was expected before, while consumption is higher and , and external balance is likely to be more favorable.
Related news
The domestic economy grew by 1.1% in the first quarter
In the first quarter of this year, the performance of…
Read more >
GKI article in the EU: 20 years of change
Are we falling behind the Visegrád countries, or are we…
Read more >
GKI is more pessimistic than the government about growth, inflation and public finances
GKI hasn’t changed its 2-2.5% growth forecast for 2024. However,…
Read more >Related news
The Hungarian beer market focuses on alcohol-free beers and the premium category
The Hungarian beer market is witnessing significant shifts, with non-alcoholic…
Read more >
In April, the economic performance of the euro area expanded at the fastest rate in almost a year
In April, the economic performance of the euro zone expanded…
Read more >
Hungarian imports and exports also fell in March
In the month of March, Hungarian exports and imports also…
Read more >
