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GDP Falls in Hungary - Reasons for Weak Economic Performance Explained

GDP Falls in Hungary - Reasons for Weak Economic Performance Explained

  • 1 Nov 2024 8:15 AM
  • finance
Hungary's GDP contracted 0.7pc year-on-year in the third quarter, adjusted for seasonal and calendar year effects, a first reading of data released by the Central Statistics Office (KSH) on Wednesday shows.
Inflation Expected to Fall to Single Digits by End 2023 - Hungary's Economy Minister

Inflation Expected to Fall to Single Digits by End 2023 - Hungary's Economy Minister

Economic growth may slow to 1.5% this year, but Hungary can avoid recession, and GDP might jump as high as 4% in 2024, the economy development minister told the weekly Mandiner.
No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

The Hungarian government is determined to avoid a recession this year, and its goal is to secure growth of 1.5% this year following a 4.5% growth in 2022, notwithstanding the mounting economic challenges, Márton Nagy, the minister of economic development said on Tuesday, opening a business lunch of the Hungarian-French Chamber of Commerce and Industry.
GDP Growth for 2021 Most Rapid in Hungarian Economic History

GDP Growth for 2021 Most Rapid in Hungarian Economic History

Hungarian economic output grew by an annual 7.2% in the fourth quarter, bringing full-year growth to 7.1%, the Central Statistical Office (KSH) said in a first reading of data on Tuesday.
Fiscal Policy's Effect On Inflation Only Mild, Says Hungarian Finmin

Fiscal Policy's Effect On Inflation Only Mild, Says Hungarian Finmin

Mihály Varga, the finance minister, in an op-ed published on Tuesday, said fiscal policy and wages only had a mild effect on inflation and the current account, and external factors were more at play. In his article in the business daily Világgazdaság, Varga said the jump in energy prices, raw materials and transport costs, as well as the re-pricing amid the post-pandemic economy — services in ...
'Tax Forgiveness' For This March Helped Preserve 175,000 Jobs

'Tax Forgiveness' For This March Helped Preserve 175,000 Jobs

Shops and other small business owners affected by the curfew and temporary closures will not have to pay tax for last month, while more than 30,000 companies are exempt from paying employment contributions, leaving 11 billion forints (EUR 30m) in their pockets, a finance ministry official said on Wednesday.
Hungary’s External Balance Indicators Improved Last Year, In Spite Of The Pandemic

Hungary’s External Balance Indicators Improved Last Year, In Spite Of The Pandemic

Hungary’s external balance indicators improved last year, in spite of the pandemic, the National Bank of Hungary (NBH) said in its quarterly Balance of Payments Report. Hungary had a current-account surplus for the year at 2.1% of GDP.
GDP Falls in Hungary - Reasons for Weak Economic Performance Explained

GDP Falls in Hungary - Reasons for Weak Economic Performance Explained

  • 1 Nov 2024 8:15 AM
  • finance
Hungary's GDP contracted 0.7pc year-on-year in the third quarter, adjusted for seasonal and calendar year effects, a first reading of data released by the Central Statistics Office (KSH) on Wednesday shows.
Inflation Expected to Fall to Single Digits by End 2023 - Hungary's Economy Minister

Inflation Expected to Fall to Single Digits by End 2023 - Hungary's Economy Minister

Economic growth may slow to 1.5% this year, but Hungary can avoid recession, and GDP might jump as high as 4% in 2024, the economy development minister told the weekly Mandiner.
No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

The Hungarian government is determined to avoid a recession this year, and its goal is to secure growth of 1.5% this year following a 4.5% growth in 2022, notwithstanding the mounting economic challenges, Márton Nagy, the minister of economic development said on Tuesday, opening a business lunch of the Hungarian-French Chamber of Commerce and Industry.
GDP Growth for 2021 Most Rapid in Hungarian Economic History

GDP Growth for 2021 Most Rapid in Hungarian Economic History

Hungarian economic output grew by an annual 7.2% in the fourth quarter, bringing full-year growth to 7.1%, the Central Statistical Office (KSH) said in a first reading of data on Tuesday.
Fiscal Policy's Effect On Inflation Only Mild, Says Hungarian Finmin

Fiscal Policy's Effect On Inflation Only Mild, Says Hungarian Finmin

Mihály Varga, the finance minister, in an op-ed published on Tuesday, said fiscal policy and wages only had a mild effect on inflation and the current account, and external factors were more at play. In his article in the business daily Világgazdaság, Varga said the jump in energy prices, raw materials and transport costs, as well as the re-pricing amid the post-pandemic economy — services in ...
'Tax Forgiveness' For This March Helped Preserve 175,000 Jobs

'Tax Forgiveness' For This March Helped Preserve 175,000 Jobs

Shops and other small business owners affected by the curfew and temporary closures will not have to pay tax for last month, while more than 30,000 companies are exempt from paying employment contributions, leaving 11 billion forints (EUR 30m) in their pockets, a finance ministry official said on Wednesday.
Hungary’s External Balance Indicators Improved Last Year, In Spite Of The Pandemic

Hungary’s External Balance Indicators Improved Last Year, In Spite Of The Pandemic

Hungary’s external balance indicators improved last year, in spite of the pandemic, the National Bank of Hungary (NBH) said in its quarterly Balance of Payments Report. Hungary had a current-account surplus for the year at 2.1% of GDP.