Trademagazin > News and articles > Market News > The Századvég Economic Researcher has improved its growth forecast
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
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >