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Economic forecast

8 hits

GKI: Higher Hungarian GDP in 2022 and Lower in 2023

Jun 30, 2022

The Hungarian Economic Research Co. GKI has revised its growth forecast for 2022, it raised its GDP forecast to 3.5-4% from the previous 2.5-3%y, and lowered its GDP forecast for 2023 to between 2.5-3% from 3.5-4%. The change is a consequence of faster-than-expected growth in the first quarter and stronger-than-expected austerity measures and inflation rate, […]

GKI Economic Forecast for 2020

Jul 10, 2020

The Hungarian economic research institute GKI currently expects the Hungarian economy to decline by 5-7 per cent in 2020 (assuming no second wave of the pandemic this year).  In March, shortly after the announcement of the coronavirus emergency, GKI forecast two scenarios: one with a 3% and another with a 7% decline in GDP this […]

Monetary Council Reduces Base Rate

Jun 23, 2020

At its meeting on June 23, 2020, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and lowered the central bank prime interest rate by 15 basis points to 0.75% with effect from June 24, 2020. In a press release, MNB says that its mandate in the […]


Property market outlook over its peak

Aug 9, 2017

In July, the GKI real estate indices for Budapest and Hungary stood at 1 and 0 points respectively. Both figures dropped slightly by one point, compared to the previous survey. Both indices went up 2 points, compared to the survey made one year earlier.

GKI economic sentiment index July 2017 | source: GKI

New economic sentiment index

Jul 31, 2017

GKI's economic sentiment index and the business confidence index have never been as high as now so far during its more than twenty years of history. The empirical survey was conducted by GKI with the support of the EU.


Slowdown of the Hungarian economy to continue

Oct 30, 2015

According to the forecast of GKI Economic Research Co., the slowdown of the Hungarian economy that started in the second quarter of 2015 will continue. The 3.6% growth rate in first-quarter was followed by only 2.7% in the second quarter.

GKI-Erste Economic Sentiment Index

Economic sentiment rises to 15-year high

Apr 23, 2014

The GKI-Erste economic sentiment index, which has been rising spectacularly for 18 months according to seasonally-adjusted figures in Hungary, has gone up in April and expectations reached their highest in more than 15 years.

Economic sentiment index comes to a halt |

Economic sentiment index comes to a halt

Sándor Laczkó
Sep 28, 2010

In September, the improvement of the GKI economic sentiment index adjusted for seasonal effects came to a halt after its significant and nearly continuous rise that had started last May. Both business and consumer expectations decreased slightly.

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