ADVERTISEMENT

Kopint-Tárki knocks down 2022 GDP growth forecast to 4%

Analysis

Photo by Feng Yu / Shutterstock.com

Economic research institute Kopint-Tárki lowered its forecast for this year's GDP growth to 4% in a projection released on Thursday from 5% in one published in December, state news wire MTI.

The institute sees domestic consumption climbing 4.3% and gross capital accumulation increasing 4%.

Kopint-Tárki raised its inflation forecast to 8.7% from 5.5% and noted upside risks. 

It projects Hungary's current-account deficit will swell to the equivalent of 5% of GDP.

ADVERTISEMENT

Hungary's GDP growth hits 8.2% y.o.y. in Q1 Analysis

Hungary's GDP growth hits 8.2% y.o.y. in Q1

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Budapest bike-sharing scheme expands in District XI City

Budapest bike-sharing scheme expands in District XI

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.