Tag: growth

The Organisation for Economic Co-operation and Development (OECD) has lowered its forecast for Hungary’s 2012 economic growth. In its latest Economic Outlook published on Tuesday it projects 1.5%... 

Hungary’s gross domestic product (GDP) declined by 0.7% year on year in the first quarter of 2012, according to unadjusted figures, which comes after a 1.7% growth in Q4 2011, the Central Statistics... 

The European Commission’s Spring Forecast published on Friday sends a send message for Hungary, namely that Budapest will report one of the slowest economic growth figures in the Central and Eastern... 

Hungary’s economic output shrunk even in annual terms in the first quarter this year and GDP will contract in the whole of 2012, according to the consensus forecast of analysts in Portfolio.hu poll.... 

The National Bank of Hungary (NBH) has on Thursday published the March 2012 issue of its Quarterly Report on Inflation. The projection is for inflation to be significantly above the Bank’s inflation... 

‘The European Commission is wrong again’, at least according to the headline of a statement released by Hungary’s National Economy Ministry, in which it reacts to the Interim Forecast... 

The European Commission has on Thursday slashed its growth forecast for Hungary and instead of a moderate rise in gross domestic product it now expects recession in 2012. “The EU is set to experience... 

Hungary’s government has lowered its growth forecast for 2012, but it continues to believe that the economy will likely avoid recession, said Mihály Varga, the Prime Minister’s chief of staff.... 

BNP Paribas has revised upward its GDP forecasts for CEE economies on the back of a better outlook on German growth. For Hungary the analysts at the investment bank now project a mild growth instead of... 

(Adds comment by Concorde) The Hungarian economy grew by 1.4% year on year in the fourth quarter of 2011, unchanged from Q3 and more than the market expected (0.8% in a Portfolio.hu poll). According... 

Hungary’s gross domestic product (GDP) grew by 0.8% year on year in the fourth quarter of 2011, according to the consensus forecast of analysts in a Portfolio.hu poll. The respondents forecast further... 

Mostly due to uncertainties over a bailout deal with the International Monetary Fund (IMF) and the European Commission, the European Bank for Reconstruction and Development (EBRD) has slashed its growth... 

Hungary's Prime Minister Viktor Orbán sent a polite but negative response to President of the European Commission José Manuel Barroso, the PM said in an interview with Hír TV. "I let him know" In... 

Hungary's potential economic growth may fall short of 1% on an annual average between 2010 and 2013, the National Bank of Hungary said in the Growth section of its inflation report published on Thursday.... 

Standard & Poor's has downgraded Hungary's sovereign debt from BBB- to BB+, which means the country now has junk rating. To make matters worse, the rating comes with negative outlook. This means Hungarian... 

The Hungarian government doest not wish to discuss its economic policy with the International Monetary Fund (IMF) when it sits down to negotiate a credit line, said Prime Minister Viktor Orbán. In an interview... 

Hungary’s government will need to find the solution to a HUF 320 billion budget slippage next year, as a result of the forint’s depreciation and the lower-than-expected economic growth, Economy... 

Although the mortgage prepayment plan is slowing Hungary’s economy down, the CEE region as a whole is still offering the best growth opportunities to banks, ING Bank’s regional CEO Alexander... 

(Adds details on debt, growth, 2012 measures). The overhaul planned to take place next year is the largest since 1990, Prime Minister Viktor Orbán said in a conference at the Kálmán Széll Foundation Tuesday... 

Hungarian Prime Minister Viktor Orbán was speaking in Parliament before its Monday afternoon session. The address covered the results of last week's EU summit, with Orbán envisioning the eurozone moving...