Tag "GDP"
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...
Read moreChina’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...
Read moreThe MNB has raised its inflation forecast for this year to 5.1 percent
The central bank has raised its inflation forecast for this year to 5.1 percent and lowered its GDP expectation to 6.3 – 6.5 percent, according to key figures in its...
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Euro area GDP grew at the same rate as in the second quarter
According to expectations, euro area gross domestic product grew at the same rate as in the second quarter, according to a report by Eurostat, the European Union’s statistical office. Eurostat...
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Analysts: retail started well in the fourth quarter
The higher-than-expected growth in retail sales in October marks an encouraging start to GDP growth in the fourth quarter, with the services sector remaining the only area to make a...
Read moreAnalysts: further slowdown in economic growth may come
Due to component shortages, the energy crisis and the fourth to fifth waves of the pandemic, analysts told MTI that a fear further slowdown in economic growth may occur. In...
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GKI consumer confidence index fell sharply in November
GKI’s economic sentiment index declined slightly in November. Business expectations continued to strengthen, whereas consumer ones weakened. According to a survey con-ducted by GKI with the support of the EU,...
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KSH: GDP grew by 6.1 percent in the third quarter
Gross domestic product (GDP) grew 6.1 percent year-over-year in the third quarter, up 0.7 percent from the previous quarter. In the first three quarters, the performance of the economy exceeded...
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Hungarian GDP grew by 6.1 percent on an annual basis
In the third quarter, Hungary’s gross domestic product (GDP) was 6.1 percent higher than a year earlier, according to raw and seasonally and calendar-adjusted data, the Central Statistical Office (KSH)...
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In the third quarter, euro area GDP grew by 2.2 percent on a quarterly basis
In the third quarter, euro area gross domestic product (GDP) grew by 2.2 percent from the previous quarter, according to a report by the European Union’s statistical office, Eurostat, on...
Read moreAnalysts: a substantial increase in retail sales is encouraging
Analysts reporting to MTI were positively surprised by the September retail sales figures, which suggest they could have a positive impact on third-quarter GDP data as well. According to a...
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Varga Mihály: the Hungarian economy may grow by 6.8 percent this year
Due to soaring energy prices, rising inflation and deteriorating virus situation, the Ministry of Finance (PM) expects 6.8 percent economic growth this year, lowering previous expectations, said Finance Minister Varga...
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Euro area GDP grew in excess of expectations in the third quarter
Euro area gross domestic product (GDP) grew at a faster pace in the third quarter than in the previous quarter and higher than market expectations, according to Eurostat’s first quarter-on-quarter...
Read moreKopint-Tárki expects much higher GDP growth, compared to its previous forecast
Kopint-Tárki expects a much higher GDP growth of 6.8 percent this year, instead of the 5-5.5 percent indicated in the summer, CEO Palócz Éva presented the research institute’s latest economic...
Read moreTakarékbank has raised its GDP growth forecast for this year to 8 percent
Due to better-than-expected second-quarter GDP data, Takarékbank has raised its growth forecast from 7.7 percent to 8.0 percent this year and left it at 7.0 percent next year, the financial...
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(HU) Szeptemberben lassult az euróövezeti gazdaság teljesítményének növekedése
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KSH: per capita GDP in purchasing power parity was 22 thousand euros in 2020
Hungary’s gross domestic product (GDP) at current prices was 48,000 billion HUF in 2020, short of 11.5 billion HUF, and decreased by 4.7 percent at constant prices, compared to the...
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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,...
Read moreIfW 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...
Read moreOECD: 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...
Read moreThe 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...
Read moreAnalysts: 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...
Read moreKSH: 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...
Read moreKopint-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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