Tag "GDP"
Analysts: 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
Sorry, this entry is only available in HU....
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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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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...
Read moreIfo 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...
Read moreGerman 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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