Tag "GDP"
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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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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KSH: in May, the average gross salary was 495,900 HUF
The gross average earnings of part-time employees was HUF 495,900, 14.9 percent higher than a year earlier, and the net average earnings, calculated taking into account discounts, rose by 15.6...
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The performance of the American economy decreased in July
The performance of the American economy decreased in July based on the preliminary evaluation of the purchasing manager index of the S&P Global Market Intelligence economic research institute. In the...
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KSH: GDP last year also exceeded the pre-pandemic level
Hungary’s gross domestic product (GDP) was higher last year than the year before the coronavirus pandemic, the Central Statistical Office (KSH) announced on Wednesday, in connection with its publication “Hungary,...
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Magyar Bankholding expects inflation of 11.7 percent this year and 7.6 percent next year
In the coming months, inflation may rise to 11.7 percent this year, and fall to 7.6 percent next year due to price changes, the weakening of the forint, tax increases,...
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GKI: Forecast for 2022
GKI has revised its growth forecast. For 2022, it raised its GDP forecast to 3.5-4 per cent from 2.5-3 per cent previously, and lowered its GDP forecast for 2023 to...
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According to OTP analysts, the Romanian economy is expected to grow by 4 percent this year
Analysts at OTP Bank Romania say growth in the Romanian economy will slow this year due to high inflation, stagnant real wages, slowing global growth and the Russia-Ukraine conflict, but...
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Economic growth in the euro area slowed in June
Growth in the euro area’s economic performance slowed more than expected in June, according to the preliminary value of the Purchasing Managers’ Index of the London-based IHS Markit economic research...
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According to the World Bank, the Hungarian economy will expand by 4.6 percent this year
According to the World Bank, the Hungarian economy will expand by 4.6 percent this year, 3.8 percent next year, and 3.4 percent in 2024, according to the global economic forecast...
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