London analysts: Hungary’s GDP will reach pre-pandemic levels next year

By: Trademagazin editor Date: 2020. 06. 16. 11:48

According to the expectations of London macroeconomic analysts, Hungary will be among the European emerging economies in which the value of gross domestic product (GDP) will reach the pre-Covid-19 level caused by the new coronavirus by the end of next year.

Emerging markets economists at Morgan Stanley’s global financial services group’s London analytics division said in a new forecast unveiled on Tuesday that the Czech Republic is expected to experience the deepest recession in the Central European EU this year. The house is likely to see a 7.8 percent decline in the Czech economy by 2020 as a whole.

According to the company’s forecast, the GDP will decrease by 6.7 percent in Hungary and 5 percent in Poland this year. (MTI, Kertész Róbert)