The Századvég Economic Researcher has improved its growth forecast
Epidemiological restrictions imposed due to the spread of the coronavirus have caused a milder-than-expected decline in the economy, so its restart may be faster.
In the light of this, the Századvég Economic Researcher expects that the growth rate of gross domestic product (GDP) may develop more favorably than previously estimated, approaching 6 percent compared to the 4.0 percent forecast in March.
The economy could expand dynamically next year, by as much as 5 percent, which is essentially the same as the 5.1 percent indicated in the previous forecast. (MTI)
Related news
Agrometeorology: the rain was good for sunflowers and corn, but not for wheat and canola waiting to be harvested
The rainy weather of the past week was good for…
Read more >
Mihály Varga: the sovereignty of the Hungarian economy and the domestic food industry must be strengthened
The future of Europe can be secured with equal, sovereign…
Read more >
More related news >
Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >
Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >
Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >
