Pénzügykutató Zrt.: GDP will grow modestly by 3.7 percent this year
According to the latest forecast of Pénzügykutató Zrt., while the Hungarian economy grew by a record 4.9 percent last year, this year the momentum will break, it is expected to grow by 3.7 percent – Várhegyi Éva, scientific advisor said at the press conference on Wednesday in Budapest.
He said that one of the main reasons for this is that the external economy is slowing down, tensions are growing in the world economy, and that Europe, which accounts for 80 percent of the Hungarian economy’s export market, faces considerable difficulties. The strongest economy in the euro area, is Germany. Its growth rate is expected to be around 1 percent. (MTI)
Related news
Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >Agrometeorology: Night frosts to return next week
Further heavy rain is expected until the end of the…
Read more >How will the world economy develop in 2025?
The global economy will continue to face major challenges in…
Read more >Related news
The GKI business climate index decreased slightly in July
According to a survey by GKI Economic Research Ltd. –…
Read more >We are using up the Earth’s resources today, and there is something deeply embedded in this that we don’t even think about.
This year, July 24th is global Overshoot Day, or Overconsumption…
Read more >The price of bread is rising unstoppably – and with it everything from the bakery
Bread is a staple on the table of Hungarian families,…
Read more >