Tag "GDP"
BDI has moderated its forecast for this year’s German GDP decline
The German economy has reached the bottom of the crisis in the second quarter, the correction has already started in the third quarter. This year’s decline in gross domestic product...
Read moreThe OECD expects global GDP to fall less than expected this year
The OECD expects a smaller global economic downturn than previously forecast in June, mainly due to better-than-expected performance by China and the United States in the first six months as...
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GDP may decline in the Asian region for the first time in sixty years
For the first time in sixty years, the gross domestic product of the Asian region may decline this year, according to the forecast of the Asian Development Bank (ADB). According...
Read moreEuro area and EU gross domestic product declined on a historic scale in the second quarter
Gross domestic product fell less than in the first estimate, but still the largest ever recorded, in the second quarter in both the euro area and the EU, according to...
Read moreWhat can the Hungarian economy expect this year
Less than four percent, or more than seven percent, what is it? – the portfolio.hu asks the question. The expected extent of this year’s economic downturn in Hungary. The question...
Read moreKSH: GDP fell by 13.6 percent in the second quarter
Gross domestic product (GDP) fell 13.6 percent year-over-year in the second quarter. According to the seasonally and calendar-adjusted data, the performance of the economy decreased by 13.5 percent compared to...
Read moreAnalysts: economic growth indicators may significantly improve in the third quarter
Seeing the breakdown of gross domestic product (GDP) in the second quarter released on Tuesday, analysts told MTI that they look to the next quarter with cautious optimism. They expect...
Read moreAnalysts this year’s economic downturn next year bounce may follow
The performance of the Hungarian economy may jump next year after this year’s downturn – macroeconomic analysts told MTI, who estiimates the growth rate in 2021 at 3-5 percent. According...
Read moreKSH: economic performance decreased by 13.6 percent in the second quarter
According to raw data, Hungary’s gross domestic product (GDP) fell by 13.6 percent seasonally and calendar-adjusted, while according to the balanced data by 13.5 percent in the second quarter, compared...
Read moreGKI: An attempt to rapidly measure the coronavirus crisis and economic performance
The application of big data analysis methods and machine learning has created new opportunities in the preparation of economic analyzes and forecasts. Based on the information available to it, the...
Read moreGDP: fell significantly in the EU and the euro area in the second quarter
In the euro area, gross domestic product (GDP) fell by 12.1 percent and in the EU as a whole by 11.9 percent in the second quarter, compared to the previous...
Read moreVarga Mihály: economy already revived the a bit in June, but the half-year GDP may decrease by 5 percent
The economy picked up slightly in June, but GDP in the second quarter may still shrink by 10 percent year-on-year and shrink by 5 percent in the second half of...
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London analysts expect smaller-than-expected eurozone GDP
London macroeconomic analysts say the latest activity data suggest that the performance of the eurozone economy was slowed down to a lesser extent than previously expected by the coronavirus pandemic...
Read moreThe U.S. economy is performing better than expected in June
As in May, the U.S. economy performed better than expected in June, according to a survey by the London-based financial and economic data provider IHS Markit. As more and more...
Read moreGKI is less pessimistic about this year’s growth forecast
In its latest forecast released on Thursday, GKI Economic Research rejected the less pessimistic scenario outlined in its previous March forecast, which predicts a 3 percent decline in GDP, while...
Read moreThe MNB expects modest GDP growth this year
According to the central bank’s forecast, gross domestic product (GDP) may grow at a modest pace in 2020, between 0.3 and 2.0 percent, GDP growth next year will be 3.8-5.1...
Read moreThe U.S. economy declined sharply in the first quarter
The U.S. economy’s performance decreased at a steep pace in the first quarter after the coronavirus pandemic and austerity measures to curb its spread virtually halted the entire country in...
Read moreSzázadvég expects significant growth after the downturn
According to Századvég, the annual performance of the Hungarian economy will decline by almost 3 percent this year, but may expand significantly above 5 percent next year – Regős Gábor,...
Read moreLondon analysts: Hungary’s GDP will reach pre-pandemic levels next year
According to the expectations of London macroeconomic analysts, Hungary will be among the European emerging economies in which the value of gross domestic product (GDP) will reach the pre-Covid-19 level...
Read moreLondon analysts: British GDP could fall by 18 percent in April
Analysts in London calculated that gross domestic product (GDP) could fall by 18 percent month-on-month in April due to the economic effects of the coronavirus pandemic. The British Bureau of...
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Euro area and EU GDP declined at a record pace in the first quarter
Compared to the previous quarter, euro area and EU gross domestic product fell by the largest amount ever recorded in the first quarter. The European Union’s statistical office, Eurostat, said...
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Moody’s: 4.8% decline this year, 4.1% growth next year at home
EU economies in Central Europe cannot escape the deep recession caused by the coronavirus epidemic this year either, but the public debt profile of most regional economies can withstand short-term...
Read moreKSH: GDP grew by 2.2 percent in the first quarter
The volume of gross domestic product (GDP) in the first quarter was 2.2 percent higher than in the same period of the previous year. According to seasonally, calendar-adjusted and balanced...
Read moreGerman GDP fell 2.3 percent in the first quarter
Germany’s gross domestic product (GDP) fell 2.3 percent in the first quarter of this year from a year earlier – the federal statistical office (Destatis) announced as final data. Compared...
Read moreKSH: the Hungarian economy expanded in the first quarter
According to raw data, Hungary’s gross domestic product (GDP) grew by 2.2 percent according to the raw data, while the seasonal and calendar-effect adjusted balanced data shows a 2.0 percent...
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Eurozone and EU GDP fell by record levels in the first quarter
Compared to the previous quarter, euro area and EU gross domestic product fell by the largest amount ever recorded in the first quarter, according to a preliminary report by Eurostat,...
Read moreThe European Commission expects a seven percent decline in GDP in Hungary
The European Union can expect an unprecedented recession, according to the European Commission’s spring economic forecast published on Wednesday. The eurozone’s economy will shrink by a record 7.75 percent in...
Read moreThe euro area economy has shrunk the largest ever
The largest ever gross domestic product decrease occured in the euro area in the first quarter, the European Union’s statistical office, Eurostat reported on Thursday mfor.hu, wrote. According to Eurostat...
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Huge trouble if following the pandemic… or perhaps not?
COVID-19 has overshadowed the climate crisis as governments scramble to protect the health of citizens without cratering their economies, but the pandemic could still open a fast-track pathway -– albeit...
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Magazine: Coronavirus: A threat to the world economy
When the COVID-19 pandemic started in China, nobody thought that in just a few weeks the virus will appear in other parts of the globe too. As the coronavirus disease...
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