GDP Growth High in Q1, Albeit From Low Base
18 May 2022Hungary’s GDP grew by an annual 8.2% in the first quarter, albeit from a low base, a first reading of data released by the Central Statistical Office (KSH) shows. More >>
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EBRD Puts Hungary GDP Growth at 3.5% in 2022
- 11 May 2022 9:40 AM
The European Bank for Reconstruction and Development (EBRD) forecast Hungary’s economy will expand by 3.5% this year in a report published on Tuesday.
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Hungarian Opinion: Inflation Higher, Growth Rate Lower Than Expected
- 4 May 2022 8:02 AM
Economists across the political spectrum investigate the causes and possible remedies of soaring inflation.
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Central Bank Hiked Interest Rate in Hungary by 100 Basis Points
- 27 Apr 2022 6:59 AM
Hungarian central bank rate-setters hiked the base rate by 100 basis points to 5.40% at their regular meeting on Tuesday, while also expanding the two sides of the interest rate corridor by the same ratio. In a statement released after the meeting, the Monetary Council said the war in Ukraine has “posed a much higher risk than usual” to the outlook for inflation.
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Hungary Posts Euro 794 Million Current Account Deficit in February
- 15 Apr 2022 5:51 PM
Hungary’s current account had a 794 million euro deficit in February, widening from a 763 million euro gap in the previous month, preliminary monthly data released by the National Bank of Hungary (NBH) shows.
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Consumer Prices Grew by an Annual 8.5% this March in Hungary
- 9 Apr 2022 8:13 AM
Consumer prices in Hungary grew by an annual 8.5% in March, quickening from 8.3% in the previous month, the Central Statistical Office (KSH) said on Friday.
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Orbán Now Faces Serious Economic Issues
- 5 Apr 2022 7:33 AM
The new, fifth Orbán government will face serious economic challenges, as inflation must be kept in check, the forint exchange rate must be stabilised and fiscal risks must be managed, Portfolio observes, listing the most significant potential problems.
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