Tag "GDP"
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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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...
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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...
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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...
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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,...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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