Raiffeisen analyst Zoltán Török said growth forecasts are still mainly determined by the coronavirus pandemic. It is uncertain if global supply chains fully recover, but there should be gradual improvement, which is key for Hungarian industrial output, he added.
Analyst Gergely Pálffy said the external environment in 2022 should be supportive. The eurozone could start the year with a weaker performance, but after Q1 growth may be higher, employment may expand, household savings may be significant, and consumption may stabilize at a high level, although high inflation may reduce these effects somewhat.
The Finance Ministry's official forecast for 2021-2025, released in December, puts this year's GDP growth at 5.9%.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
