Record speed in the first quarter

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
Fringe benefits in 2025 – how popular are housing benefits and the SZÉP card?
In its February survey, GKI Economic Research Ltd. asked companies…
Read more >Margin is very much not profit
The government announced that it would introduce a margin cap…
Read more >Despite global challenges, SMEs are still looking for breakthrough points in 2025
According to economic forecasts for 2025, businesses will face a…
Read more >Related news
You can apply for the Value and Quality Grand Prix Trademark until May 29th!
This year’s Value and Quality Award Competition was announced in…
Read more >Fringe benefits in 2025 – how popular are housing benefits and the SZÉP card?
In its February survey, GKI Economic Research Ltd. asked companies…
Read more >The lifestyle medicine revolution has begun
The number of chronic diseases is increasing worldwide. It is…
Read more >