Tag "GDP"
GKI 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...
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...
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