ADVERTISEMENT

Raiffeisen augurs 5% GDP growth for 2021

Banking

Hungary's GDP growth is expected to reach 5% this year, Raiffeisen Bank analyst Zoltán Török said on Wednesday, according to a report by state news wire MTI.

Török said the economy may have contracted in the first quarter, but second-quarter GDP growth could be in the double digits.

He said that Hungary's use of vaccines from China and Russia, in addition to ones it is getting in a joint European Union order, could allow a full re-opening of the economy in Q2, although noting downside risks related to coronavirus mutations.

Hungary's government projects GDP growth of 4.3% this year.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.