GKI: soluble pessimism
According to the forecast of GKI Economic Research Company and Erste Bank, the downfall of the Hungarian economy will reach its nadir in the summer. The external balance has improved spectacularly, the internal meets the international standards.
Worldwide – including Hungary – business and stock indexes increases and the willingness of investor to take risks are strengthening. In Hungary in the second quarter GDP decreased more than expected (by 7.6 percent). In June, the relapse of industry had been moderated and at the construction industry an increase had been registered.
In Hungary, the general government deficit relative to GDP is expected to be around 3.8 percent. Inflation on an annual average will be 4.7 percent. At the end of the year 6.5 percent is expected.

Related news
Related news
GVH: margin reduction reduced prices, OKSZ disputes the effect
According to the Hungarian Competition Authority (GVH), the margin cap…
Read more >OKSZ has spoken out regarding the extension of the margin freeze
Viktor Orbán announced the extension of the margin freeze. The…
Read more >The government has extended the margin freeze
Viktor Orbán announced in the Facebook group Harcosok Klubja that…
Read more >