Tag "GDP"
The MNB expects modest GDP growth this year
Date: 2020-06-25 11:45:43
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...
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The U.S. economy declined sharply in the first quarter
Date: 2020-06-25 11:03:40
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...
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Századvég expects significant growth after the downturn
Date: 2020-06-24 11:25:02
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,...
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London analysts: Hungary’s GDP will reach pre-pandemic levels next year
Date: 2020-06-16 11:48:04
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...
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London analysts: British GDP could fall by 18 percent in April
Date: 2020-06-10 11:01:53
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
Date: 2020-06-09 11:10:49
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
Date: 2020-05-29 11:49:19
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...
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KSH: GDP grew by 2.2 percent in the first quarter
Date: 2020-05-29 11:45:56
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...
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German GDP fell 2.3 percent in the first quarter
Date: 2020-05-26 11:13:21
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...
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KSH: the Hungarian economy expanded in the first quarter
Date: 2020-05-15 11:45:58
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
Date: 2020-05-15 11:05:32
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,...
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The European Commission expects a seven percent decline in GDP in Hungary
Date: 2020-05-06 11:35:10
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...
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The euro area economy has shrunk the largest ever
Date: 2020-05-04 11:06:24
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?
Date: 2020-04-24 13:48:41
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
Date: 2020-04-16 07:21:14
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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The euro area is performing at two-thirds
Date: 2020-04-06 11:15:41
The first data on the frozen eurozone economy has arrived – index wrote. The numbers are quite worrying, with the exception of the pharmaceutical industry, internet service and the food...
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London analysts expect deep recession
Date: 2020-03-25 11:07:04
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
Date: 2020-03-19 11:04:34
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
Date: 2020-03-12 07:40:35
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
Date: 2020-03-11 11:03:23
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
Date: 2020-02-18 11:23:04
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
Date: 2020-02-17 11:40:41
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
Date: 2020-02-03 11:50:29
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
Date: 2020-01-31 11:02:42
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
Date: 2020-01-23 11:50:45
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?
Date: 2020-01-17 10:31:05
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
Date: 2019-12-17 11:40:48
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
Date: 2019-12-17 11:08:32
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
Date: 2019-12-17 11:05:14
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
Date: 2019-12-10 13:54:02
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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