ADVERTISEMENT

Kopint-Tárki expects stronger 2nd half year

Analysis

In its July forecast for the second quarter, the Kopint-Tárki Institute for Economic Research has somewhat lowered its expectations for the decline of Hungarian economy to 5%, down from the 5.5% prediction it made in April, says portfolio.hu.

This is largely due to the fact that, so far, the course of the epidemic was faster and milder than expected, which expedited the economic restart somewhat.

GDP is expected to shrink by double digits in the second quarter, as indicated by the April-May industrial production data, which show a huge drop.

According to Kopint-Tárki, if the virus does not make a strong return, the second half of the year may bring better economic indicators, and the last quarter may result in a situation close to stagnation, the business website notes.

ADVERTISEMENT

2,361 new COVID cases registered in Hungary Figures

2,361 new COVID cases registered in Hungary

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.