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GKI is less pessimistic about this year’s growth forecast
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In its latest forecast released on Thursday, GKI Economic Research rejected the less pessimistic scenario outlined in its previous March forecast, which predicts a 3 percent decline in GDP, while easing its pessimistic scenario, which is likely to decline by 7 percent.
For the year as a whole, GKI expects a decline of 6 percent, assuming a decline in GDP of around 15 percent in the second quarter and around 5 percent in the second half. Last year’s GDP will probably only be reached by the Hungarian economy in 2022, they added. (MTI)
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