Tag "GDP"

Pénzügykutató expects 6.5 percent economic growth by 2021

Pénzügykutató Zrt. expects economic growth to be more moderate than 7.6 percent in the first half of the year, only due to the higher base. On average for this year,...

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IfW has lowered its German GDP growth forecast for this year

The Institut für Weltwirtschaft (IfW), an economic research institute, has lowered its GDP growth forecast for Germany. According to a forecast published on the institute’s website on Thursday, researchers expect...

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Equilor: this year’s economic growth could be 6.5 percent

According to the latest analysis of Equilor Befektetési Zrt., GDP can be expected to grow by 6.5 percent this year as a whole, which may be followed by 4.5 percent...

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OECD: world’s gross domestic product has reached pre-crisis levels

Global gross domestic product has already reached pre-crisis levels in the second quarter of this year, according to the OECD. In its latest global economic growth forecast released on Tuesday...

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The Századvég Economic Research of the End of the Century revised its growth forecast upwards

In its latest forecast, the Századvég Economic Research has revised its expectations for economic growth upwards this year: it forecasts 7.8 percent GDP growth this year and 5.5 percent by...

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The euro area economy grew better than expected

Economic performance in the euro area grew more than analysts expected in the second quarter, according to a report by Eurostat, the European Union’s statistical office. Eurostat reported as final...

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Analysts: the performance of the Hungarian economy is balanced and exceededs pre-pandemic levels

The performance of the Hungarian economy in the second quarter exceeded not only the level of the second quarter of 2019, but also of the last quarter before the pandemic,...

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KSH: industrial production grew by 7.3 percentage points and services by 7.0 percentage points in the second quarter

The volume of gross domestic product (GDP) increased by 17.9 percent in the second quarter, compared to the same period last year, the Central Statistical Office (KSH) confirmed on Wednesday...

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KSH: GDP grew by 17.9 percent year-on-year in the second quarter

In the second quarter, Hungary’s gross domestic product (GDP) was 17.9 percent higher than a year before, according to raw data, and 17.7 percent higher, according to seasonally and calendar-adjusted...

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Kopint-Tárki expects higher economic growth compared to its previous forecast

Kopint-Tárki expects GDP growth of 5-5.5 percent this year, instead of the 4.5 percent indicated in April, according to the latest business report published on the research institute’s website. In...

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Takarékbank expects rapid growth this year

Takarékbank, which belongs to the Magyar Bankholding, improved its GDP growth forecast by 1.1 percentage points to 7.7 percent this year due to significantly better-than-expected GDP data in the first...

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Conscious home stores did not save on improvements

According to KSH data, in 2020 the volume of domestic retail sales decreased by 0.3% compared to a year earlier, so the coronavirus outbreak and the accompanying restrictions broke an...

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Ifo lwered this year’s German GDP growth forecast

Referring to disruptions in the global raw material supply chain, the ifo economic research institute in Munich has slightly worsened its GDP growth forecast for Germany this year. The Ifo...

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Analysts: surprise with first-quarter detailed GDP data

Analysts interviewed by MTI are looking for an explanation for the surprisingly positive developments from the details of the upwardly revised first-quarter GDP data. In its second estimate released on...

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German GDP decreased by 3.4 percent

Germany’s gross domestic product (GDP) fell 3.4 percent in the first quarter from a year before and 1.8 percent from the previous three months, the Federal Statistical Office (Destatis) announced...

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KSH: the performance of the economy increased by 1.9 percent compared to the previous quarter

Compared to the previous quarter, Hungary’s gross domestic product (GDP) fell by 2.3 percent according to the raw data and by 2.0 percent calendar effect adjusted in the first quarter...

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Euro area and EU GDP declined in the first quarter

In the first quarter of this year the gross domestic product of the euro area decreased compared to the previous quarter, the European Union’s statistical office, Eurostat reported on Tuesday....

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There’s a huge increase in GDP in Hungary, as if there was no covid!

In the first quarter of 2021, the performance of the Hungarian economy (seasonally and calendar-adjusted) was 1.9% higher than the previous quarter. This is a huge surprise, as it was...

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Consumer spending is speeding up in Hungary

Households around the globe have accumulated $5.4 trillion in additional savings compared with 2019’s spending patterns, Moody’s has said. That equates to more than 6% of global gross domestic product....

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DIW expects moderate growth in Germany in the second quarter

Moderate growth in the second quarter is indicated by the April business survey of the DIW Berlin Economic Research Institute sent to MTI on Wednesday. According to a monthly survey...

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GKI raises growth forecast

Thanks to better results in the 4th quarter of 2020 and the relatively favourable changes in business confidence in early 2021, GKI raised its 2021 growth forecast by 0.6 percentage...

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Takarékbank: a strong GDP growth of 6.6 percent may come this year

Gross domestic product (GDP) may grow strongly by 6.6 percent this year, and GDP may reach pre-pandemic levels in the third quarter – Suppan Gergely, senior analyst at Takarékbank, told...

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Kopint-Tárki expects a GDP growth of 4.5 percent this year

Kopint-Tárki expects faster growth this year than previously forecast: the research institute expects a sharp 4.5 percent increase in gross domestic product (GDP) in its latest economic report released on...

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IMF mproved this year’s world economic growth forecast

The global economy will gain more momentum than expected by the IMF so far this year, partly as a result of fiscal stimulus and central bank monetary measures, as well...

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The IMF has improved its forecast for the growth of the Hungarian economy this year

The International Monetary Fund (IMF) has improved its forecast for the growth of the Hungarian economy this year in its spring forecast for the world economy. According to a study...

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Czech GDP fell by 5.6 percent last year

In the Czech Republic, gross domestic product (GDP) fell by 5.6 percent year-on-year last year, the Czech Statistical Office (CSÚ) announced on Friday. This is the biggest economic downturn since...

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Pénzügykutató: Hungary’s GDP could grow by 3.8 percent this year

In Hungary, GDP may expand by 3.8 percent this year, the general government deficit may reach 7.7 percent of the GDP, and the government debt ratio may decline to 80.2...

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According to the European Commission, this year’s performance of the Hungarian economy is expected to exceed the EU average

As a result of the measures taken by the government to protect the economy and encourage a restart, Hungary may be able to overcome the crisis caused by the coronavirus...

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OECD: Economic growth in the G20 slowed in the last quarter of last year

Economic growth in the G20, which brings together the 19 largest economies and the European Union, slowed in the last quarter of last year, compared with the previous quarter. According...

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