Tag "GDP"
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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....
Read more
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...
Read more
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....
Read more
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...
Read more
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...
Read more
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...
Read moreIMF 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...
Read more
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...
Read moreCzech 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...
Read more
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...
Read more
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...
Read moreOECD: 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...
Read more
The MNB expects five percent economic growth
We can be optimistic about the recovery of the economy – this was also highlighted by last year’s gross domestic product (GDP) data – economic growth is expected to average...
Read more
Varga Mihály: growth may be 4-4.5 percent this year
According to the Minister of Finance, the country be opened after Easter, in case of proper vaccinated, then there is hope that the Hungarian economy will achieve 4-4.5 percent growth...
Read more
The economic performance of the euro area declined less than expected in February
The euro area’s economic performance had been shrinking for the fifth month in February, but to a lesser extent than in the previous month, mainly due to an unprecedented rise...
Read moreLondon analysts expect stronger-than-expected Hungarian growth this year due to improved GDP performance at the end of last year
According to macroeconomic analysts in London, the upward adjustment of Hungary’s gross domestic product (GDP) in the fourth quarter of last year makes it probable that the Hungarian economy may...
Read more
Analysts: strong rebound potential in last year’s fourth-quarter GDP data
This year’s economic outlook is viewed differently by analysts interviewed by MTI; there were those who believed that last year’s upward-revised fourth-quarter GDP figure indicated a significant rebound potential, and...
Read moreKSH: GDP grew by 1.4 percent in the fourth quarter of last year
The volume of gross domestic product (GDP) decreased by 3.6 percent in the fourth quarter of last year, compared to the same period of the previous year. The seasonally and...
Read moreWithin the region, Erste is the fastest growing economy in Hungary
GDP growth rates in the region will be between 3 and 6 percent this year, with the strongest recovery of 5.5 percent expected in Hungary, the Erste Group told MTI...
Read more
KSH: investments increased in the fourth quarter of last year
In contrast to the decline in the first three quarters of last year, the volume of investments increased by 2.5 percent in the fourth quarter compared to a year earlier....
Read moreMoody’s: the Hungarian economy is expected to reach its pre-coronavirus performance next year
The performance of the Hungarian economy is expected to reach the level before the coronavirus pandemic again next year, and as a result, the public debt ratio, which has swelled...
Read more