Takarékbank expects rapid growth this year
Analysts at the financial institution expected an increase of 6.6 percent in their previous April forecast.
Suppan Gergely explained that even if GDP can reach pre-pandemic levels in the second quarter, there are sectors where the rebound will be significant due to the base effect. The analyst also called the 7.7 percent forecast subdued, noting that if growth did not strengthen on a quarterly basis, annual GDP growth would still be 5 percent. (MTI)
Related news
Waiting strategy – and no real confidence
In a quarterly online presentation by PwC Magyarország partner Gábor…
Read more >Pistachios to be grown in Hungary?
More and more signs indicate that pistachio cultivation is no…
Read more >MNB Director: The central bank expects 4.7 percent annual inflation this year
Inflation is expected to exceed the central bank’s tolerance band…
Read more >Related news
Carrefour sells Italian branch to NewPrinces Group
Carrefour has entered into a binding agreement with NewPrinces Group…
Read more >Does food become more expensive because it passes through too many hands? – Tamás Éder spoke about supply chains and the illusion of “shortening”
Many people believe that food prices could be cut if…
Read more >