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
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 >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >