NGM economist: economic growth may exceed 4 percent this year
A balanced economic growth of over 4 percent can be achieved this year – said Gergely Suppan, the chief economist of the Ministry of National Economy (NGM) on Tuesday on the current channel M1.
He added that investments and consumption growth will both contribute to growth. Net exports will drive economic growth through the commissioning of new capacities.
He explained that it was already visible from last November’s data that both corporate lending and home lending started to pick up. This is expected to increase this year, he said.
He explained that currently tourism is performing well, developing steadily, and although the sector will recover in several years after the epidemic, in his opinion it could be a breaking point, just as biotechnology, the food industry, or the infocommunications and space industries are also breaking points in the for the Hungarian economy.
Among other things, energy prices can pose a risk to economic operation, he indicated.
Related news
MBH Bank-CIG Pannónia: nearly half of passengers do not take out travel insurance
Nearly half of travelers do not take out travel or…
Read more >Small shops and pubs will continue to receive support
The focus is on rural Hungary, and the government is…
Read more >The number of foreign tourists in Romania increased by 7 percent in May compared to the previous year
The number of foreign tourists in Romania increased by 7…
Read more >Related news
Corporate leaders’ commitment to sustainability at record level
According to the latest data from the K&H Sustainability Index,…
Read more >FAO food price index rose slightly in June due to higher prices of meat, dairy products and vegetable oils
The Food and Agriculture Organization of the United Nations (FAO)…
Read more >What can cause the price of a wine to increase tenfold?
There are fewer of them worldwide than the number of…
Read more >