Forecast for 2022-23: Recession, accelerating inflation, worsening external balance
GKI’s current forecast was made in a context of even greater uncertainty than usual, and understanding trends was complicated by the sharp change in economic developments in the middle of the year.
GKI raised its growth forecast for 2022 from 3.7 per cent to 4.5 per cent, while for 2023 it no longer forecasts a growth of 2.7 per cent, but a decline of around 3.5 per cent.
Related news
KSH: Economic performance stagnated in the first quarter of 2025 compared to the first quarter of 2024
The volume of Hungary’s gross domestic product stagnated in the…
Read more >GKI analysis: Hungarian industrial production decreased further
The volume of Hungarian industrial production declined for the second…
Read more >OECD slightly downgrades global GDP growth forecast for this year and next
The Organization for Economic Co-operation and Development (OECD) has marginally…
Read more >Related news
The 2024 FMCG Retailer Ranking is out now
Everything remains the same: Lidl, SPAR and Tesco are the…
Read more >Szallas.hu: Lake Balaton is the most popular destination at Pentecost
A regional summary of bookings for the Pentecost long weekend…
Read more >The Hungarian food truck scene has found a new market
The Hungarian food truck scene is looking for a new…
Read more >