Tag "GDP"

GDP growth in OECD countries slowed in the first quarter

The gross domestic product (GDP) of the countries belonging to the Organization for Economic Co-operation and Development (OECD) grew by 0.1 percent in the first quarter, compared with the previous...

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(HU) Kirobbanó, 8,2%-os növekedés az első negyedévben

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(HU) Elemzők: több tényező segítette a gazdasági növekedést az első negyedévben

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KSH: the economy grew by 8.2 percent in the first quarter

According to raw data, Hungary’s gross domestic product (GDP) grew by 8.2 percent in the first quarter, compared to the same period of the previous year, according to both calendar-adjusted...

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Economic growth in the euro area was better than expected

Economic growth in the euro area performed better than expected in the first quarter, according to a flash estimate by the European Union’s statistical office. GDP growth exceeded the previous...

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Analysts: consumption may have significantly dragged GDP growth in the first quarter

In addition to wage increases at the beginning of the year, one-off benefits paid in February, low base data and gasoline tourism also contributed to inflation expectations in March, according...

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Economic growth in the euro area accelerated in April

Growth in the euro area’s economic performance accelerated in April, according to final data from the Purchasing Managers’ Index of the IHS Markit in London on Wednesday. In April, two...

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The Romanian government expects GDP growth of 2.9 percent this year

The Romanian government’s Economic Forecasting Committee has significantly reduced its forecast for this year, so it expects Romania’s gross domestic product (GDP) to expand by 2.9 percent instead of the...

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The Hungarian economy could grow by 5.9 percent this year

The Russian-Ukrainian war is causing uncertainty, so the economy could grow by 5.9 percent this year, which is only 0.1 percentage points lower than previously forecast, Suppan Gergely, Head of...

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Quarterly economic growth slowed in both the euro area and the EU

Quarterly economic growth slowed, but the annual pace accelerated in both the euro area and the EU in the first quarter, according to a preliminary report by Eurostat, the European...

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Kopint-Tárki slightly worsened its GDP growth forecast for this year

Kopint-Tárki has moderately reduced its GDP growth forecast for this year by 1 percentage point, from 5.0 percent at the end of last year to 4.0 percent, CEO Palócz Éva...

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Analysts: Retail sales increased above expectations

The volume of retail sales increased more than expected in February compared to the same period of the previous year, analysts commented on the latest report of the Central Statistical...

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(HU) Nagy visszaesést hozott a háború GDP tekintetében

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Coface: Economy under double press: Russian-Ukrainian crisis could lead to stagflation

The escalation of the conflict in Ukraine and the invasion of the latter by the Russian military on 24 February has triggered turmoil in the financial markets, and drastically increased...

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KSH: The Hungarian economy grew by more than seven percent in the last quarter of last year

In the fourth quarter of last year, the volume of gross domestic product increased by 7.1 percent, compared to the same period of the previous year. Services contributed by 4.6...

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Agriculture was not great last year

It can be said that the Hungarian economy has split in 2021, which is no better shown than the fact that, according to the KSH, growth reached 7.1 percent last...

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Russia’s Ministry of Economic Development downgrades GDP growth forecast for this year

Russia’s Ministry of Economic Development has lowered its estimate of Russian GDP growth this year from 3.0 percent to 2.8 percent, Russian economic daily Vedomosti reported on Monday. According to...

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MNB: household savings increased in the fourth quarter of last year

Households’ net financial savings amounted to 905 billion HUF, or 5.8 percent of GDP, in the fourth quarter of last year, compared to 111 billion HUF in the third quarter...

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Pm State Secretary: Government measures have also contributed to the expansion of the Hungarian economy

The adaptability of economic actors and government measures also supported the growth of the Hungarian economy, the latter contributing more than 10 percentage points to gross domestic product in 2021,...

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KSH: GDP grew by 7.1 percent in 2021 as a whole

Hungary’s gross domestic product (GDP) grew by 7.1 per cent in 2021 compared to the previous year, and by 2.1 percent in 2019, the Central Statistical Office (KSH) announced on...

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(HU) A negyedik negyedévben lassult a gazdasági növekedés üteme az euróövezetben és az EU-ban

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Preliminary GDP figures for the last quarter of last year are released

The first estimate of gross domestic product (GDP) in Q4 2021 can be counted on special attention in next week’s statistical information calendar, and the Central Statistical Office (KSH) publishes...

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Euro area GDP grew in line with expectations in the fourth quarter

In line with market expectations, euro area gross domestic product (GDP) rose by 0.3 percent from a quarter earlier in the fourth quarter of last year, according to a preliminary...

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Takarékbank revised its growth forecast for last year and this year downwards

Macroeconomic analysts at Takarékbank and the Magyar Bankholding have downgraded their GDP forecast for 2021 to 6.9 percent from 8 percent and this year’s growth forecast to 6 percent from...

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Raiffeisen: Hungarian economy could expand by 4.5 percent this year

The recovery of the economy may continue, this year the growth rate may exceed 4 percent in Europe and up to 4.5 percent in Hungary, the bank’s analysts said at...

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KSH: tourism’s direct contribution to GDP decreased in 2020

According to preliminary data, the share of activities typical of tourism in the gross output of the national economy fell to 5.1 percent in 2020, while in the year before...

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China’s GDP grew above expectations in the fourth quarter

Gross domestic product in China grew better than expected in the fourth quarter, compared to a year before, but at the same time the growth rate was the lowest for...

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The World Bank has improved its forecast for the Hungarian economy

The government is working to maintain its lead in relaunching the Hungarian economy and to keep the Hungarian economy on a dynamic growth path even in a slowing global economic...

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Kopint-Tárki revised its GDP growth forecast for this year downwards

Kopint-Tárki has revised its GDP growth forecast for this year down to 6.1 percent from 6.8 percent indicated in the autumn, CEO Palócz Éva announced at the online presentation of...

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