Tag "GDP"
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
GKI: What did (re)industrialization achieve in the light of the development of foreign trade?
Hungary’s foreign trade balance in goods showed a record loss in 2022 (-8.6 billion euros) according to the KSH, while according to the MNB the deficit was almost -15 billion...
Read more
GKI: A korábbi laza költségvetések árát fizetjük meg most
Government spending in recent years was initially aimed at mitigating the harmful economic effects of the COVID-19 epidemic, and then the stated goal became the forced acceleration of growth. If...
Read moreEU forecast: prospects for the European economy are improving
Despite the persistently challenging global environment, economic prospects are improving, the European economy continues to show resilience, the European Commission wrote in its spring economic forecast published on Monday. Economic...
Read more
Magyar Bankholding: A positive turn in the economy is expected from the second quarter of the year
A positive turn can be expected from the second quarter of 2023: the Hungarian economy may once again be on the path to growth, consumption may gradually improve, and inflation...
Read more
The EU is tightening up: it is no longer enough for companies to “look green”
Analysis of BDO Magyarország’s ESG business on changes affecting the field of sustainability. The EU’s expectations in the field of sustainability (ESG) are apparently getting stricter in line with this,...
Read more
From now on, a regulation requires the reduction of the amount of greenhouse gases entering the air
At the plenary session in Strasbourg, the European Parliament adopted the revised rules of the joint commitment regulation, which obliges all member states to annually reduce the amount of greenhouse...
Read more
Consumer demand remained balanced, and Fitch upgraded its global economic growth forecast for this year
The international credit rating agency Fitch Ratings has upgraded its forecast for this year’s global economic growth, based on the positive impact of the lifting of Chinese coronavirus restrictions and...
Read more
GFM: the daily fee for tax-free domestic postings will increase by three times, and the daily fee for foreign postings will increase by almost two times
From the point of view of the national economy as a whole, the government attaches great importance to the logistics and road transport sector, which is an important and unavoidable...
Read more
Eurozone GDP stagnated in the fourth quarter
The gross domestic product stagnated in the fourth quarter of the euro area compared to the previous quarter, the statistical office of the European Union, Eurostat, announced on Wednesday. According...
Read more
We told you so – economic perspectives in 2023
When I had a conversation with executives last autumn, many of them were afraid that the then 3.5% unemployment will go up to 10%, and that the inflation rate will...
Read more
In the fourth quarter, the GDP of the Eurozone rose against expectations
In the fourth quarter of 2022, seasonally adjusted GDP increased by 0.1% in the euro area and remained stable in the EU, compared with the previous quarter, according to a...
Read more
PM: next year, the Hungarian economy may grow above 4 percent again
Thanks to the stability-strengthening measures, the Hungarian economy can avoid recession this year and grow above 4 percent again next year, said Finance Minister Mihály Varga at the event of...
Read more
Márton Nagy: inflation may be in the single digits by the end of the year, the economy may pick up again next year
Hungary can avoid recession this year with a GDP expansion of 1.5 percent, and inflation may again be in single digits by the end of the year; In 2024, the...
Read more
Magyar Bankholding: Economic performance may start to increase this year
By the end of 2023, inflation may be in the single digits, the annual average is expected to be around 17.5 percent, according to Magyar Bankholding’s recent macroeconomic analysis. The...
Read more
Atradius: a new type of crisis and recession is expected in the Hungarian economy next year
In its usual autumn analysis, credit insurance company Atradius expects the domestic economy to shrink by 2023. According to the study, Hungarian GDP will still be positive this year, but...
Read more
China has not been in such trouble for decades
There are more and more signs that this year China will not be able to meet the GDP growth rate set for this year by the leadership in Beijing, which...
Read more
Romanians’ GDP lags behind Hungarian growth
In Romania, the economy expanded by 5.3 percent in the first half of this year, both in terms of raw and seasonally and calendar-adjusted values compared to the same period...
Read more
Analysts did not expect such a level of GDP growth either – this could be the reason
As we wrote about earlier, domestic GDP increased by 6.5% in the second quarter, while it expanded by 1.1% compared to the first quarter. All of this exceeded not only...
Read more
KSH: GDP increased by 6.5 percent in the second quarter
In the second quarter, the gross domestic product (GDP) increased by 6.5 percent compared to the same period of the previous year. Compared to the previous quarter, the performance of...
Read more
Eurozone GDP growth in the second quarter was better than expected
In the second quarter, economic growth in the Eurozone was better than expected, based on the first estimate published on Friday by Eurostat. Eurozone’s gross domestic product (GDP) expanded by...
Read more
The IMF forecast is out: GDP growth could be 2.5% this year and 1.4% next year
The International Monetary Fund revised its global growth forecast slightly downwards in a recent publication. The latest edition of the World Economic Outlook shows that the IMF does not expect...
Read more
