Tag "GDP"
Hungary has been in the EU for 20 years: how has GDP per capita changed?
On May 1, 2004, ten new states joined the European Union, including Hungary. In our series of articles, we use one indicator to explore how the situation of our country...
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NGM: trust is unbroken, Moody’s also continues to recommend Hungary for investment
Despite the escalating war situation, confidence in Hungary is unbroken: Moody’s also continues to recommend our country for investment – the Ministry of National Economy (NGM) emphasized in its statement...
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Customers will have more money to spend, but the economy is still not out of the crisis
This year, several new economic forecasts indicate that the Hungarian economy will achieve or even exceed regional growth averages, and the increase in real wages will once again enable consumption...
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The European Union started the year with significant growth and a decrease in inflation
According to the latest report of the European Commission, at the beginning of 2024, the economy of the European Union began to grow at a surprisingly fast pace, while inflation...
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Coface: Minimal GDP growth in the region, insolvency also increased
As a result of the economic downturn, the number of corporate insolvencies – i.e. liquidation and bankruptcy proceedings – increased dramatically in Central and Eastern European (CEE) countries during the...
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OECD: Food price inflation fell sharply in most countries
The Paris-based Organization for Economic Cooperation and Development, the OECD, slightly improved its global growth forecast for this year and next year compared to its previous estimate from February. According...
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Gergely Suppan: the recession is clearly over in Hungary
The recession is clearly over in Hungary, from now on the only question is the rate of growth – said the leading economist of the Ministry of National Economy (NGM)...
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The domestic economy grew by 1.1% in the first quarter
In the first quarter of this year, the performance of the economy increased by 0.8% compared to the previous quarter, according to adjusted data, which is more favorable than our...
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Hungary has plenty of work to do in the regional “long-distance running”
Based on the ten- and twenty-year trends – one of the most important indicators of which is GDP per capita measured at purchasing power parity – the Hungarian economy is...
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IMF: this year’s outlook for the world economy has improved minimally
According to the International Monetary Fund (IMF), overall, this year’s outlook for the world economy has improved minimally since the organization’s previous forecast in January. According to the revised World...
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Márton Nagy negotiated with representatives of the 13 fastest growing domestic companies
On Thursday, Minister of National Economy Márton Nagy received in his office the senior managers of the 13 domestic companies that are among the fastest growing economic companies in Europe...
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Márton Nagy: the duality of the economy must be resolved
The duality of the Hungarian economy must be resolved, the foreign and Hungarian property present in Hungary must function together and in an integrated manner – emphasized National Economy Minister...
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European Championship Won’t Save German Economy, Study Shows
The European Championship to be held in Germany this summer is unlikely to turn into a summer fairytale for the euro zone’s largest economy as it struggles for growth, a...
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A slow recovery awaits the Hungarian economy
This year, the Hungarian economy started to grow after last year’s decline. However, the speed of recovery is expected to be lower than previously hoped due to the lingering effect...
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KSH: In the fourth quarter of 2023, the performance of the economy was unchanged
According to raw data, Hungary’s gross domestic product (GDP) did not change in the fourth quarter of 2023, but according to seasonally and calendar-adjusted and balanced data, it increased by...
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GDP did not change compared to the previous quarter
Falling short of expectations, the domestic GDP did not change in the fourth quarter of last year compared to the same period of the previous year, while seasonally and adjusted...
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Márton Nagy: the stagnation of GDP is temporary
According to the data of the Central Statistical Office, in the last quarter of 2023 it increased by 0.4 percent on an annual basis, while the performance of the Hungarian...
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IMF: Europe will have the lowest GDP growth in 2024
On the global economic map of 2024, many countries are forced to face risks and challenges. Inflation spikes, increasing debt loads, and declining consumer savings are all factors that can...
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Eurozone GDP fell in the third quarter
In line with the first estimate, the GDP of the Eurozone decreased in the third quarter in a quarter-on-quarter comparison, while that of the EU stagnated instead of the previously...
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Márton Nagy: Hungary is building an industrial-based economy
Hungary is building an industrial-based economy, concentrating on the manufacturing industry – said the Minister of Economic Development at the award ceremony of the Responsible Employer of the Year 2023...
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Márton Nagy: by 2030, the share of the logistics and transport sector in the GDP can double
The logistics and transport sector currently produces five percent of GDP, which may rise to ten percent by 2030, and with this the role of a bridge connecting the Hungarian...
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Annual inflation stagnated in the euro area in August
In August, instead of the expected decrease, the annual inflation in the euro area stagnated – the EU statistical office, Eurostat, announced on Thursday as non-final data. In the euro...
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The GDP growth of the OECD countries slowed in the second quarter in a quarter-on-quarter comparison
In the second quarter, the GDP growth of the countries of the Organization for Economic Cooperation and Development (OECD) decreased to 0.4 percent compared to the first quarter, when an...
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The net financial assets of households increased to HUF 73,974 billion
2023 II. by the end of the quarter, the total financial assets of households increased to HUF 88,437 billion, which is an increase of HUF 2,089 billion compared to the...
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Zoltán Pogátsa: The government was only able to help in one area
Economist Zoltán Pogátsa was not surprised to see the recent, not very favorable GDP data, but at the same time he has no idea what the future of the Hungarian...
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Experts for VG: there is less and less chance of growth this year
For the fourth consecutive quarter, Hungary’s GDP has declined, and the annual decline is worse than expected. Experts have indicated that there is a diminishing likelihood of growth in Hungary...
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GDP decreased by 2.4% in the second quarter
In the second quarter, the domestic GDP decreased by 2.4%, while seasonally and adjusted for the effect of working days, the decline was 2.3%. Compared to the previous quarter, the...
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Euro zone inflation slowed down in July
In July, inflation in the euro zone slowed down to the extent expected by the market, based on Monday’s report by Eurostat, the statistical office of the European Union. According...
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Eurozone GDP grew more than expected in the second quarter
In the second quarter, the gross domestic product (GDP) in the euro area increased slightly more than expected, both quarterly and annually, based on Monday’s report by the statistical office...
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Márton Nagy: Hungary welcomes investors from all over the world
Hungary’s economy is open, it welcomes investors from all over the world – said the Minister of Economic Development at the Mathias Corvinus Collegium (MCC) Budapest Peace Forum conference on...
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