Tag "GDP"
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...
Read moreSzázadvég: 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)....
Read moreGDP 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...
Read moreThe 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...
Read moreThe 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...
Read moreKSH: 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...
Read moreThe 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...
Read moreThe 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...
Read moreCoface: 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...
Read moreThe 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...
Read moreTHe 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...
Read moreAnalysts: 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...
Read moreKSH: 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...
Read moreGerman 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....
Read moreEconomist: 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,...
Read moreSzázadvég: 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...
Read moreGrowth can be four percent next year
Next year’s growth – similarly to this year – may be around 4 percent, well above the EU average – Adorján Richárd, Deputy Minister of State of the Ministry of...
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Quarterly GDP growth accelerated in the euro area and the EU in the first quarter
On quarterly basis, GDP growth accelerated in both the euro area and the EU, based on a report published by the European Union Statistical Office, Eurostat, on Thursday. The quarterly...
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GKI: Hungarian GDP growth peaked in the first quarter
In the first quarter of 2019 the Hungarian economy grew by 5.3 per cent, at a record speed. This rate is by far the fastest in the EU, together with...
Read moreLondon analysts: domestic consumption offsets the weakening of external demand
According to London financial analysts, the strong domestic consumption, which counterbalances the weakening of external demand, is the driving force behind the robust first quarter growth momentum of the Hungarian...
Read moreAnalysts: GDP growth exceeded expectations again
The 5.3 percent growth of gross domestic product (GDP) in the first quarter is higher than theexpectations of the market analysts interviewed by MTI, who expect a gradual slowdown in...
Read moreKSH: the Hungarian economy grew by five percent in the first quarter
According to the raw data, Hungary’s gross domestic product (GDP) increased by 5.3 percent. According to the seasonally and calendar effect adjusted and balanced data the Hungarian gross domestic product...
Read moreEcfin: growth forecast for Hungary
The European Commission has improved Hungary’s economic growth forecast for 2019 and 2020 in its spring forecast, but warned that there were more and more signs of overheating in the...
Read moreThe European Commission has improved its growth forecast for Hungary
The European Commission has improved Hungary’s economic growth forecast for 2019 and 2020 in its spring forecast, but warned that there were more and more signs of overheating in the...
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The money invested in festivals is well offset by economic growth
The festival business hes sped up in Hungary so much that the Budapest Economic University launched a research on the subject – mfor.hu wrote. According to the results, festivals now...
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