Economy

GKI: Improvements, but at the cost of Drops in Consumption, Investments and GDP

In the past 1.5 years, a huge improvement has taken place in Hungary's external and internal deficits.


OECD Predicts 2010 GDP Growth of 1.2 pct, Government Deficit of 4.5 pct

The OECD said that the initial success in reducing public expenditure growth has increased investor confidence in Hungary, contributing to a relatively stable forint and reduced spreads on government and corporate bonds.


PRESS MONITOR

International news sources report on Hungarian business, energy and economy.


Hungary Trade Surplus Expands to EUR 653.3 Million in March

Hungary had a EUR 653.3m trade surplus in March 2010.


GKI: 1 pct GDP Growth in 2010

According to the forecast of GKI Economic Research Co. following the end of the recession in statistical terms in the first quarter, there will be an approximately 1 pct GDP growth in 2010.


On Balance, Households were Net Repayers in April

In April 2010, forint borrowing by households exceeded repayments (i.e. the sector was a net borrower, while repayments in foreign currency exceeded borrowing, or in other words, the sector was a net repayer).


Volume of Investments 6.4 pct Lower

In the first quarter of 2010, the volume of investments in the national economy was 6.4 pct lower than in the same period of 2009.


February–April Unemployment Rate at 11.8 pct

In the period of February–April 2010, the unemployment rate was 11.8 pct, which was higher by 1.9 percentage points on last year.


Real Earnings Grew by 5.6pct

Real earnings grew by 5.6pct compared to January–March 2009, paralleled by a 6.0pct increase of the consumer price index.


Hungarian Economic Sentiment Rises to Four-Year High

In a survey conducted by the GKI thinktank (with EU funding), the combined business and consumer confidence indices rose to -14 points in May from -17.2 points in April.


News Monitoring