GKI: Uncertainty is increasing
The Hungarian economy expanded by 4.9 per cent in 2019. It was the second fastest growth rate in the EU after Malta, almost 3.5 percentage points higher than the EU average of 1.5 per cent. If the growth rate will be 3.5 per cent in 2020 as forecast by the Ministry of Finance after taking into account the expected slowdown, the Hungarian growth requirement set by the government of at least 2 extra percentage points compared to 1.4 per cent in the EU can be achieved. At the same time, macroeconomic equilibria are worsening, inflation is accelerating, and the forint is falling spectacularly. The true extent of the short- and long-term effects of the coronavirus cannot be assessed yet. More…
Related news
The GKI business climate index decreased slightly in July
According to a survey by GKI Economic Research Ltd. –…
Read more >GKI: Companies’ price increase intentions have noticeably decreased this year, but cost pressure is still present
In the past part of 2025, price increase intentions have…
Read more >NAK President: Agriculture faces harsh attack from Brussels
Agriculture faces harsh attack from Brussels, the European Commission’s new…
Read more >Related news
Government tightens cyber rules with ban on ransom payments
The UK government has announced a tough new package of…
Read more >