Tag "GDP"

London analysts expect deep recession

According to recent macroeconomic analysts in London, a recession similar to the global financial crisis of 2008-2009, or much deeper, is expected this year due to the economic impact of...

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The German banking association expects a drastic economic downturn

According to the German Banking Association, gross domestic product in Germany could fall by 4-5 percent this year as a result of measures to curb the coronary epidemic. At the...

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Magazine: The world economy in 2020

Euromonitor International’s Global Economy in 2020 study reveals that forecasts downgraded the global GDP’s annual growth to 2.9 percent for 2019 and 3.1 percent for 2020. Emerging and developing economies...

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The euro area economy is performing poorly

In the fourth quarter of last year and in 2019 as a whole, gross domestic product growth in the euro area has been the smallest since 2013 – according to...

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The European Commission has improved its forecast for Hungarian GDP growth in 2020

The European Commission has revised its forecast for the Hungarian gross domestic product (GDP) growth in 2020. Brussels estimates that economic growth in Hungary is expected to be 3.2 percent...

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Analysts have positively surprised with Q4 GDP

Last year’s fourth-quarter GDP figures gave a positive surprise, according to analysts reporting to MTI, but the slowdown is expected to continue this year. According to the first estimate released...

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According to GKI, the economy may grow by 3-3.5 percent this year

The Hungarian economy expanded last year at around 5 percent, one of the fastest in the European Union. Overall, the October-November data do not yet indicate a slowdown, but the...

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Euro area GDP grew less than expected

Euro area’s gross domestic product (GDP) grew less than expected in the fourth quarter, compared with the previous three months. The European Union’s Bureau of Statistics (Eurostat) first released estimates...

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Analysts at the Savings Bank raised their GDP forecast for this year

Due to easing external risks and strong FDI inflows, Savings Bank analysts have raised their GDP growth forecast from 3.7 percent to 4 percent this year, and expect 3.5 percent...

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What will the near future bring?

Tamás Flesch, president of the Hungarian Hotel and Restaurant Association (MSZÉSZ) has recently told at a conference that 1 January 2020 will bring the dawning of a new era. On...

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Századvég: economic growth can be 5 percent this year

The Századvég Economic Researcher expects the Hungarian economy to grow close to or even 5 percent in 2019, one of the highest growth rates among EU countries. Slower growth of...

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The gap between the richest and poorest EU member state is narrowing but still huge

Slightly reduced but still huge gap between richest (Luxembourg) and the poorest country (Bulgaria), according to a report released last Thursday by the Statistical Office of the European Union (Eurostat)....

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GDP growth of the G20 was 0.7 percent in the third quarter

Similarly to the second quarter, the gross domestic product (GDP) of the G20, which comprises the 19 largest economies and the European Union, grew by 0.7 percent in the third...

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Forecast for 2020

The growth rate of Hungary’s GDP accelerated to around 5 per cent in 2018 and 2019, one of the fastest in the EU. Thus, the Hungarian growth rate exceeded all...

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The IMF has improved the growth forecast for the Hungarian economy further for this year and next

The IMF has further improved Hungary’s forecast for economic growth for this year and for the next year. The International Monetary Fund (IMF) increased it to 4.9 percent for 2019...

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The OECD has improved its GDP growth forecast for Hungary for 2019 and 2020

GDP growth is slowing compared to last year, but Hungary’s economic growth this year and next year will be faster than previously expected, according to the latest OECD forecast released...

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KSH: economy continues to boost

Gross domestic product (GDP) grew by 5.0 percent in the third quarter, according to the raw data, and 4.8 percent in the third quarter compared to the same period last...

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The European Commission has revised its forecast for the Hungarian economy this year

The European Commission has revised its forecast for the Hungarian gross domestic product (GDP) growth, according to which economic growth is expected to be 4.6 percent this year, the third...

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The strengthening of the digital economy could increase GDP by 4,000 billion HUF in 2023

The rapid introduction of new technologies in the digital economy (5G, IoT, MI, blockchain) would increase Hungarian GDP by 4,000 billion HUF by 2023, according to a survey by the...

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GDP growth slowed down and inflation decelerated as well

he Hungarian economy increased outstandingly in the first half of 2019, by 5.1 per cent, the same rate as last year. Until now, this rate has been the fastest in...

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Coface: growth in the region may slow in the coming years

Although the Central and Eastern European region’s GDP growth is impressive at EU level, growth may slow in the coming years, with regional GDP rising by 3.6 percent in 2019...

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The IMF has significantly improved its GDP growth forecast

The International Monetary Fund (IMF) has improved its Hungarian GDP growth forecast in the World Economic Outlook (WEO) forecast released on Tuesday. The Hungarian economy is forecast to grow by...

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THe analysts of Savings Bank raised their GDP growth forecast to 4.9 percent this year

Analysts at the Savings Bank raised their GDP growth forecast from 4.7 percent to 4.9 percent -was said at the press conference of the bank in Budapest. Suppan Gergely, senior...

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Analysts: economic growth will slow down in the second half of the year

Economic growth will slow in the second half of the year, but may still be close to 4.5 percent throughout the year – analysts told MTI commented on Friday’s detailed...

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KSH: services and investments contributed the most to the GDP growth in the second quarter

Gross domestic product (GDP) increased by 4.9 percent in the second quarter compared to the same period of last year, up 1.1 percent from the previous quarter, according to the...

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German GDP decreased in the second quarter

German gross domestic product declined in the second quarter compared to the previous quarter – according to a communication released on Tuesday by Destatis, the German Federal Bureau of Statistics....

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Economist: GDP increased due to the good performance of several sectors

Due to the good performance of several sectors, Hungarian gross domestic product (GDP) grew by 5.1 percent in the second quarter compared to the same period of the previous year...

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Economic growth slowed in the second quarter in the euro area and in the EU

Economic growth both in the European Union and in the euro area slowed down significantly in the second quarter. According to the first estimate released by the European Union Bureau...

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Cheerful statistics, gloomy expectations

According to April-May data, the growth rate of the Hungarian economy started to slow down in the second quarter compared to the record high dynamism of the first quarter. However,...

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Századvég: economic growth may even reach 5 percent

The Századvég Economic Research Co. has improved its growth expectations, and in favorable cases it is also not excluded that it will approach or even reach the 5 percent growth...

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