Record speed in the first quarter
![](https://trademagazin.cdn.webgarden.io/wp-content/uploads/2019/07/Udvardi-Attila_opt-214x300.jpeg)
Attila Udvardi
head of research
GKI
In the first quarter of 2019 the Hungarian economy defied expectations and didn’t slow down; on the contrary, it accelerated to reach a record speed. Thanks to this, GKI modified its GDP growth forecast of March from plus 3.5 percent to 4 percent. Instead of the 7-percent investment rate GKI now predicts a 13-percent investment level and a 4.3-percent consumption growth (the former prediction was 4 percent).
At the same time inflation is also likely to speed up from 3.2 percent to 3.7 percent. However, the second quarter is sure to have brought a slowdown, due to less funding received from the EU, the rapid salary increase and a lower level of export. It is unlikely that the 4-percent growth rate of the economy that the government has envisaged will be maintainable in the long term. //
Related news
The unexpectedly low inflation in June surprised analysts
The Hungarian inflation data published this week caused a pleasant…
Read more >VIMOSZ: optimism in the tourism sector
Persisting optimism characterizes the Hungarian tourism sector, the players of…
Read more >Food prices rose at an accelerating rate in Germany
Inflation in Germany slowed down in June, according to the…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >