Deceleration continues in 2016

After a numfekber of weak years, the development of the Hungarian economy in 2014 was the
second fastest in the EU. GDP growth was above-average in 2015 as well; however, it lagged
behind the results of the majority of Hungary’s competitors in the CEE region due to the
slowdown in the economy. In 2016 the gap will open further: in the 11 countries of the region
only the Croatian, Bulgarian and Slovenian GDP growth rates will be lower than the Hungarian
one.  Read More …

GKI Economic Sentiment Index started high

képThe GKI economic sentiment index adjusted for seasonal effects started at a high level in Janu-ary 2016 not seen for almost one and a half years. According to the empirical survey conducted by GKI (www.gki.hu) with the support of the EU, expectations were near their 2015 peak in the business sector and near their 2014 peak among consumers.
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In December the GKI consumer confidence index reached its peak this year

Optimism-2In December the GKI-Erste economic sentiment index adjusted for seasonal effects remained essentially unchanged. 2015 was characterized by optimism and monthly fluctuations were quite modest. According to the empirical survey conducted by GKI with the support of the EU, in December expectations were also unchanged in the business sector, whereas they reached their peak this year among consumers (after a slight improvement). Read More …

No progress without investments

Accokeprding to the forecast of GKI, following a temporary rapid GDP growth in 2014, the dynamics of the Hungarian economy set to decelerate in 2015. GDP grew by 3.5 per cent in the first quarter of 2015, by 2.7 per cent in the second one and by 2.3 per cent in the third one. In the next quarters GDP is likely to increase by about 2 per cent. GKI forecasts Hungary’s GDP to grow by 2.7 per cent in 2015 and by about 2 per cent in 2016. External and internal equilibria are likely to develop favourably. Nevertheless, due to the deficiencies of economic policy in general and that of the government policy vis-à-vis banks in particular, Hungary’s upgrading by international credit rating agencies is still some time ahead. Read More …