Tag "GDP"
The world is amazed by us: we are setting a world record in the pace of wealth creation, Blochamps’ prognosis predicted this already in 2019
“The exciting question is not that many people became billionaires, but how quickly,” emphasizes István Karagich. The Forbes rich list published today confirms the accuracy of Blochamps Capital’s predictions: in...
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OECD further improves forecast for global GDP growth this year
The Organization for Economic Co-operation and Development (OECD) has upgraded its forecast for global GDP growth this year, the organization announced on its website on Tuesday. The OECD revised its...
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MNB: slower growth, declining inflation expected
The Hungarian National Bank lowered its GDP growth forecast for this year to 0.6 percent in a statement following the interest rate decision. The inflation forecast, however, improved slightly, partly...
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Hungarian salaries keep up the pace
According to current prospects, this year’s pace may remain next year, although the change in minimum wages poses uncertainty. In addition, there is an interesting fact to be seen in...
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The Hungarian economy may finally start growing next year
After this year’s stagnation, the Hungarian economy may return to growth next year, with exports and investments expected to pick up, bringing GDP expansion of 2.3% in 2026. The margin...
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Fitch has improved its global GDP growth forecast for this year
Fitch Ratings, an international credit rating agency, has revised its forecast for global GDP growth this year from 2.2 percent to 2.4 percent, partly due to better-than-expected second-quarter economic data....
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Eurozone GDP grew by 0.1 percent in the second quarter compared to the previous quarter
Eurozone GDP grew by 0.1 percent in the second quarter compared with the first quarter, in line with the previous estimate, according to the third final estimate published by Eurostat,...
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KSH: In the second quarter of 2025, the economic performance exceeded the second quarter of 2024 by 0.2 percent
The volume of Hungary’s gross domestic product in the second quarter of 2025 exceeded the same period of the previous year by 0.1 percent according to raw data, and by...
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The Hungarian Central Statistical Office (KSH) reported better-than-expected GDP data
In Q2 2025, Hungary’s GDP figures published by the HCSO exceeded preliminary expectations: the raw year-on-year growth rate was 0.1%, seasonally and calendar-adjusted 0.2%, while the quarter-on-quarter seasonally adjusted growth...
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K&H Analyst Commentary: Hungarian economy shows faint signs of life
In the second quarter, GDP grew by 0.2 percent year-on-year based on seasonally and calendar-adjusted and balanced indicators. The economy’s performance expanded by 0.4 percent compared to the first quarter....
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Waiting strategy – and no real confidence
In a quarterly online presentation by PwC Magyarország partner Gábor Farkas and Ákos Kozák, a economic research director expert of the Equilibrium Institute has revealed: at the beginning of 2025...
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MNB Director: The central bank expects 4.7 percent annual inflation this year
Inflation is expected to exceed the central bank’s tolerance band for the remainder of 2025, with inflation forecast at 4.7 percent this year, and the rate of price increases could...
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NAK announces its large-company-startup program again
The government aims to further strengthen the momentum and competitiveness of tourism, which accounts for 13 percent of GDP, in the long term, and to reduce the burden on businesses...
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Ministry of Health: new measures to strengthen domestic spas – the burden on the sector will be significantly reduced
The government aims to further strengthen the momentum and competitiveness of tourism, which accounts for 13 percent of GDP, in the long term, and to reduce the burden on businesses...
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Despite economic recovery, the number of insolvencies has increased in the Central and Eastern European region
The annual insolvency report for Central and Eastern Europe (CEE) by international credit insurer Coface paints a mixed picture. Although the region experienced economic growth in 2024, business uncertainty has...
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The Hungarian economy is facing increasingly strong headwinds
Despite the uptick in household consumption, Hungary’s economic growth is expected to reach no more than 0.8% this year due to the unfavourable external environment. Meanwhile, declining global oil prices...
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OECD slightly downgrades global GDP growth forecast for this year and next
The Organization for Economic Co-operation and Development (OECD) has marginally downgraded its forecasts for global economic growth this year and next, citing increasing uncertainty and complexity in the economic environment....
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For businesses to grow, expanding their credit portfolio is essential.
For businesses to grow, it is essential to expand their credit portfolio, stressed Zsuzsanna Lukács, Deputy State Secretary for Enterprise Protection at the Ministry of National Economy (NGM), on Tuesday...
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EU forecast: moderate growth expected despite global economic uncertainty
Despite heightened global political uncertainty and trade tensions, the European Union’s economic growth will moderate this year, with GDP growing by 1.1 percent in the EU and 0.9 percent in...
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The GKI expects economic growth of 2-2.5% in 2025
GKI Economic Research Ltd. forecasts GDP growth of 2-2.5% for 2025, which may be achieved through the recovery of external demand, government economic policy measures and the expansion of domestic...
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German GDP fell in the fourth quarter
Germany’s gross domestic product (GDP) fell by 0.2 percent in the third quarter of 2024, adjusted for price, seasonal and calendar changes, compared to the third quarter, according to the...
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Strengthening economy and employment in Hungary in 2025
According to the latest analysis by the Oeconomus Economic Research Foundation, Hungary’s economic performance has moved in a positive direction, and the country’s employment data also show a favorable picture...
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GKI analysis: We can do something about economic vulnerability ourselves
The government’s “flying start” in 2025 would require a surge in exports (exports are 77.4% of GDP, while net exports are 6.8% of GDP). All this in circumstances where international...
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NGM spokesperson: in addition to GDP data, indicators affecting people’s lives also developed favorably
Beyond the gross domestic product (GDP), there are human lives, indicators that influence people’s lives, and they have also developed favorably in the recent period – stated the spokesperson for...
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GDP could grow by 2 percent in 2025
According to the current outlook, GDP growth of around 2.3-2.4 percent can be expected in 2025 in annual comparison, which exceeds the 0.5 percent increase according to last year’s raw...
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Márton Nagy: the turning point is here, the Hungarian economy will shift to a higher growth path in 2025
According to the Central Statistical Office, the economy grew by 0.4 percent in the last quarter of 2024 compared to the same period of the previous year based on raw...
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Waiting for GDP growth: the Hungarian economy recovering from an uncertain situation
The Hungarian economy is expected to start growing more strongly in the second half of 2025. Equilor Investment Co. forecasts that GDP will grow by 2.2% this year and by...
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The division of the world economy into Western and Eastern blocs poses many dangers
The global economic split into Western and Eastern blocs could cause damage on a scale that would exceed the economic impact of the 2008 global financial crisis and the pandemic....
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NGM: public finance deficit as a percentage of GDP decreased in 2024
At the end of December last year, the central subsystem of the public finance closed with a deficit of 4,095.8 billion forints. Within this, the central budget showed a deficit...
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GKI: Large investments supported by the government are destroying the local labor market
The Hungarian government has announced several large investments in recent years as part of the country’s reindustrialization. These include CATL and BMW in Debrecen, BYD in Szeged, and the battery...
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