The Hungarian economy is proceeding on a path indicated in the September 2017 forecast of GKI. Economic growth accelerates due to the surge in EU transfers as well as the increase in consumption driven by steadily rising wages due to the forthcoming elections and a shortage of labour. After 2.2 per cent in 2016, GDP will grow by 3.8 per cent both in 2017 and 2018. Although this rate is well above the EU average, it is one of the lowest in the CEE region, and no major changes can be expected in 2018 in this regard.
Search for analysis
Related Posts
Companies
2023. December 5.
The growth of capital income in 2022 set a record
Based on the NAV 2022 data, 329,000 individuals declared capital income (e.g. from dividends, exchange…
Population
2023. November 28.
The differences between the incomes of the settlements can be traced mainly to the different proportion of higher education graduates
Based on the 2022 data, there are significant regional differences in earnings. Compared to the…
Companies
2023. November 21.
High electricity prices for businesses in Hungary
In October 2023, electricity consumption was 1.6% lower than a year earlier, according to the…