• Home
• Channel: Business
• Hungarian Opinion: Chances of Rapid Economic Growth in 2021

Hungarian Opinion: Chances of Rapid Economic Growth in 2021

• 5 Aug 2021 7:38 AM
• BudaPost

An economic analyst thinks that Hungarian GDP growth may exceed 6 per cent only if the inflation rate is kept under control and there is no new major coronavirus outbreak.

In Portfolio, Zoltán Matheika, analyst of the Kopint-Tárki Institute for Economic Research ponders the chances of “turbo-recovery” for Hungary.

Matheika recalls that as growth data for the first quarter of 2021 exceeded expectations, analysts increased their projections of Hungarian GDP growth to 6.3 per cent in 2021, while one in four expects higher than 7 per cent growth.

Matheika acknowledges that the data is promising, but points out that the investment rate and household consumption have not fully recovered to pre-Covid levels.

He concludes that Hungary can only maintain rapid growth in 2021 if inflation is kept under control and if it escapes a fourth wave of the coronavirus pandemic.

This opinion does not necessarily represent the views of XpatLoop.com or the publisher.

Your opinions are welcome too - for editorial review before possible publication online. 

Click here to Share Your Story

 

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Hungarian Opinion Growth

XpatLoop Media Partner

BudaPost

Launched in May 2011 to provide a balanced picture of matters covered in Hungary’s national press. Their aim is to make it easier for English-speakers to understand where this country is now and where it’s heading according to the full spectrum of media opinions.

Explore More Reports

Jobless Rate in Hungary Down to 4.4% in March

• 28 Apr 2024 7:30 AM

Hungary’s jobless rate was 4.4% in March, down from 4.6% in February, the Central Statistical Office (KSH) said. The rate covers unemployment among people between the ages of 15 and 74. In absolute terms, there were 217,200 unemployed in March, 9,700 fewer than in February and 22,200 more than twelve months earlier.



Chinese Investments Worth HUF 6,000 Billion Under Way In Hungary

• 24 Apr 2024 7:02 AM

Currently there are some 6,000 billion forints (EUR 15.2bn) worth of Chinese investment projects under way in Hungary, creating 25,000 jobs, the foreign ministry quoted Péter Szijjártó, the minister of foreign affairs and trade, as saying in Beijing.



All-Time Low for Jobseekers: Hungary Aiming to Reach Level of Development Equal to 90% of EU Average

• 15 Apr 2024 7:05 AM

More and more people in Hungary are willing to work, and the number of economically inactive people is down in just about every age group, Márton Nagy, the national economy minister said.



Winner of Expat CEO in Hungary for 2024 Announced

• 24 Mar 2024 5:21 AM

Chresten Bruun, general manager & senior vice president, EMEA Manufacturing in the Lego Group, won the Expat CEO of the Year title at the Budapest Business Journal’s annual awards gala, which was held for the 10th time on March 23 in the Grand Ballroom of the Corinthia Hotel Budapest.