Tag "GDP"
Euro area and EU GDP declined at a record pace in the first quarter
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
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...
Read moreKSH: GDP grew by 2.2 percent in the first quarter
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...
Read moreGerman GDP fell 2.3 percent in the first quarter
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...
Read moreKSH: the Hungarian economy expanded in the first quarter
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
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,...
Read moreThe European Commission expects a seven percent decline in GDP in Hungary
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...
Read moreThe euro area economy has shrunk the largest ever
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?
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
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
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...
Read moreLondon 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...
Read moreThe 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...
Read moreThe 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...
Read moreAnalysts 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...
Read moreAccording 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...
Read moreAnalysts 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...
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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