Tag "GDP"
Coface: the Hungarian economy may expand by 4 percent this year
After the economic shock caused by the pandemic, the world economy may expand by 4.3 percent in 2021, and Hungarian GDP may grow by 4 percent, according to the forecast...
Read moreAnalysts: GDP growth by the end of 2020 may indicate a faster-than-expected recovery
Gross domestic product (GDP) growth in the fourth quarter of last year became higher than the analysts’ expectations. It suggests a much higher-than-expected recovery capacity in the economy, meaning a...
Read moreOECD economic growth slowed in the fourth quarter
The combined economic growth of OECD member countries slowed significantly in the fourth quarter, compared with the previous quarter. According to data from the Organization for Economic Co-operation and Development...
Read moreKSH: GDP decreased by 5.1 percent in 2020
Hungary’s gross domestic product (GDP) increased by 1.1 percent in the fourth quarter of last year, compared to the previous quarter and decreased by 3.7 percent, compared to the same...
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Improved fourth quarter GDP data in Eurostat’s second estimate
The European Union’s statistical office (Eurostat) improved last year’s fourth quarter GDP data in its second estimate released by the European Union’s statistical office (Eurostat) on Tuesday. In the 19...
Read moreAccording to the EU forecast, last year’s Hungarian GDP fell by 5.3 percent
According to the European Commission’s winter interim economic forecast, Hungary’s gross domestic product (GDP) fell by 5.3 percent in 2020, while the November forecast was about a 6.3 percent decline....
Read moreAccording to the MNB, the economy will regain its 2019 performance by the end of the year
The Hungarian economy may regain its 2019 performance by the end of 2021, after GDP growth is expected to approach 6 percent this year – the Magyar Nemzeti Bank (MNB)...
Read moreLast year, the Czech economy fell 5.6 percent
Last year, gross domestic product (GDP) in the Czech Republic fell by 5.6 percent; this is the biggest economic downturn ever since the creation of the independent Czech Republic (1993),...
Read moreChina could be the largest economy in the world in this decade
China is currently the world’s second largest economy, but given global trends in GDP growth, it could be a world leader ahead of the United States in this decade –...
Read moreEquilor: the Hungarian economy may expand by 4 percent this year
The Hungarian economy may expand by 4 percent this year after last year’s expected 6 percent decline, but there is a lot of uncertainty, according to the latest analysis by...
Read moreAccording to Raiffeisen, the economy is likely to grow by 4 percent this year
According to the most likely scenario this year, the economy will expand by 4 percent, but this is conditional on a significant easing of epidemiological restrictions by the end of...
Read moreThe Romanian government forecasts a 4.4 percent decline in the economy last year
The Romanian government’s Economic Forecasting Committee expected the performance of the Romanian economy to decline by 4.4 percent last year compared to 2019, a worse forecast than the 3.8 percent...
Read moreThe Chinese economy grew by 2.3 percent in 2020
The Chinese economy grew 2.3 percent in 2020 after the country’s economy recovered at an accelerating pace from the downturn recorded in the first quarter following a domestic curb of...
Read moreKopint-Tárki expects a 6.6 percent GDP decline in the fourth quarter of this year
Due to the recurrence of the pandemic, Kopint-Tárki Zrt. Expects a 6.6 percent decline in gross domestic product (GDP) for the fourth quarter of this year in its latest business...
Read moreGKI expects a more moderate 6 percent decline in GDP this year
Based on favorable third-quarter data, the decline in the fourth quarter will reduce the rate from the previous 9 percent to 7 percent and the annual GDP decline from 7...
Read moreIfo has restrained its German growth forecast for next year
Due to the second outbreak of pandemic protection, the ifo economic research institute in Munich. restrained its GDP growth forecast for Germany next year in its winter economic forecast. Due...
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The euro area saw the highest GDP growth in its history in the third quarter
The euro area’s gross domestic product grew less than first estimated, but still the largest ever recorded, in the third quarter compared with the previous quarter, according to a report...
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Markit’s euro area PMI indicator indicates a decline in GDP for the fourth quarter
The performance of the euro area economy deteriorated less than expected in November, compared with the previous month, but it also predicts a decline in gross domestic product in the...
Read moreAnalysts expect an economic downturn of around 6 percent for the full year
The performance of the national economy fell by 5.5 percent in the first three quarters, but for the year as a whole, analysts interviewed by MTI expect a decline of...
Read moreKSH: Economy fell 4.6 percent on an annual basis in the third quarter
The volume of gross domestic product decreased by 4.6 percent in the third quarter, compared to the same period of last year. According to seasonally and calendar-adjusted data, the performance...
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In November, economic performance in the euro area declined
The economic performance of the euro area declined in November after stagnation in October. According to preliminary data from a survey by the IHS Markit Institute for Economic Research published...
Read moreAnalysts are more likely to consider the risks in the fourth quarter after better-than-expected GDP data
After a better-than-expected third-quarter GDP figure, analysts are more likely to ponder the risks of the fourth quarter in their comments sent to MTI. According to the first estimate issued...
Read moreEconomic performance declined by 4.7 percent year-over-year in the third quarter
According to raw data, Hungary’s gross domestic product (GDP) fell by 4.6 percent and seasonally and calendar-adjusted and balanced by 4.7 percent in the third quarter compared to the same...
Read moreA three and a half to four percent increase might occur next year
The updated expectations of the European Commission and Raiffeisen Bank coincide with those of the Hungarian government, with a decline of 6-6.5 percent this year, followed by an increase of...
Read moreThe economic downturn may be greater than previously expected
Minister of Finance Varga Mihály presented the government’s recent macroeconomic forecast at Friday’s HBLF conference – portfolio.hu, wrote. According to them, this year the economic downturn could be 6-6.5% instead...
Read moreGerman GDP soared in the third quarter
Germany’s gross domestic product (GDP) grew at an all-time high of 8.2 percent in the third quarter of this year from the previous three months – the Federal Statistics Office...
Read moreKopint-Tárki: 5.8 percent decline in the Hungarian economy is expected this year
Due to the return of the pandemic, Kopint-Tárki expects a 5.8 percent decline in the Hungarian economy this year, compared to the 5.5 percent annual decline indicated in April and...
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GKI forecasts a 7-percent GDP drop for 2020
After the 6.1 percent decrease in the GDP in the first half of 2020, for the second half of the year, GKI forecasts an 8 percent decline in the gross...
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In September, economic growth in the euro area slowed to a minimum
Economic growth in the euro area came to a virtual halt in September, slowing to a minimum. According to preliminary data from a survey by the IHS Markit Institute for...
Read moreBDI 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...
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