London Analysts Expecting A Strong Recovery For Hungary

  • 22 Jun 2020 7:28 AM
  • Budapest Business Journal
London Analysts Expecting A Strong Recovery For Hungary
According to London macroeconomic analysts, Hungary will be among the emerging economies in Europe where the value of gross domestic product will reach the pre-COVID levels by the end of next year, writes conservative economics daily Világgazdaság.

Emerging markets economists at the London analytics division of Morgan Stanley’s global financial services group said in a new forecast unveiled on June 16 that the Czech Republic is expected to experience the deepest recession among Central European EU states this year.

They expect to see a 7.8% decline in the Czech economy in 2020 as a whole. According to the company’s forecast, GDP will fall by 6.7% in Hungary and 5% in Poland this year.

At the same time, Morgan Stanley expects Hungary’s gross domestic product to bounce back and grow by 4.6% next year, vg.hu adds.

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Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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