GKI is less pessimistic about this year’s growth forecast

By: Trademagazin editor Date: 2020. 06. 25. 11:50

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)