The forecast of GKI Economic Research Co. for 2021 – Summary of the June update of the March 2021 forecast for the press, 30 June 2021

GKI raised its growth forecast for this year very significantly to 7 per cent from 4.3 per cent in March. This is based on a faster-than-expected recovery from the crisis, faster growth compared to the previous quarter, which is already in its third quarter, the end of the third wave of the pandemic and favourable economic expectations. In March, GKI underestimated the export surplus in particular. This year, household consumption is expected to rise by 3-4 per cent and investments by 6 per cent. However, the internal and external equilibria are likely to be worse than assumed in March.

You can download the forecast from here.

The archive of earlier forecasts is available here.