Takarékbank: a strong GDP growth of 6.6 percent may come this year

By: Trademagazin editor Date: 2021. 04. 21. 11:35

Gross domestic product (GDP) may grow strongly by 6.6 percent this year, and GDP may reach pre-pandemic levels in the third quarter – Suppan Gergely, senior analyst at Takarékbank, told the latest forecast at an online press conference in Budapest on Wednesday.

Analysts at the financial institution expected another 6.8 percent growth in their previous January forecast.

Suppan Gergely explained that industry and construction will be the two driving forces, these sectors will pull up this year’s GDP by 4 percentage points, the performance of the other sectors will not yet reach the pre-pandemic level. According to the analyst, industry could expand by 16.4 percent and construction by 13.0 percent in 2021. (MTI)