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Market researcher GfK expects double-digit revenue growth

Hungarian market researcher GfK Hungária expects to generate a double-digit increase in revenue in 2008 after recording record turnover of HUF 2.4 billion (€9.01 million) in 2007, GfK CEO Ákos Kozák said.

GfK expects the global economic crisis to reinforce the two-year negative trend in commerce, the company's main research area, though does not anticipate that drastic changes will take place in this domain.

Kozák said that in certain instances companies involved in the food trade will not be able to make even warranted increases in food prices as a result of the economic crisis, thus reducing inflation. The GfK CEO added that he does not expect an expansion of the consumer-goods market. (MTI – Econews)