The GKI Economic Sentiment Index has declined for the third consecutive month

Composite image of serious businessman standing with hands in pockets

In April, business expectations deteriorated. Although consumer ones improved slightly, they still remained below their February level. According to the empirical survey conducted by GKI (www.gki.hu) with the support of the EU, confidence in the economy decreased slightly in all sectors and also among consumers in April, compared to its high level in January.  Read More …

Forecast for 2016

lajharDespite the numerically similar projections for economic trends in 2016, there are still huge differences in the interpretation of these figures. The government envisions sustainable growth and catching up with Austria in the foreseeable future. GKI, however, can only observe partial successes
and continuous lagging behind the CEE region. In recent months the present Hungarian government continued the completion of the model by passing market economy, legal certainty and transparency. Anti-EU attitudes reached a new, more manifest phase. Read More …

Further declining consumer expectations, business expectations unaltered

Wallet with no money insideAfter its fall in February, the GKI economic sentiment index adjusted for seasonal effects continued to decline in March. According to the empirical survey conducted by GKI (www.gki.hu) with the support of the EU, expectations remained unchanged in the business sector, whereas they continued to decline noticeably among consumers. However, they still reflect an optimistic mood. Read More …

Deteriorating growth prospects worldwide

csigafutamThe growth rate of the Hungarian economy temporarily picked up again in the fourth quarter of 2015, and it exceeded the EU average by more than one percentage point. However, in the CEE region the Slovak, Romanian, Polish, Czech and Bulgarian growth rates were all higher. The slowdown is expected to continue in Hungary: the annual average growth rate will be around 2.3 per cent in 2016, after 2.9 per cent in 2015 and 3.7 per cent in 2014. The EU forecasts that out of the 11 countries in the CEE region only the Croatian, Bulgarian and Slovenian growth rates will be lower than the Hungarian one. Read More …