• Coronavirus in Hungary
  • coronavirus
  • Budapest
  • Covid immunity certificate in Hungary
  • Covid immunity certificate/vaccine passport
  • Hungary border control
  • HelloMagyar
<strong> Inflation in Hungary is dramatic! </strong><strong> Inflation in Hungary is dramatic! </strong><strong> Inflation in Hungary is dramatic! </strong><strong> Inflation in Hungary is dramatic! </strong>
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Support us
DNH 2021 DNH 2021 · 08/04/2022
· Business

Inflation in Hungary is dramatic!

Hungarian economy Hungary statistics trade

Economic research institute Kopint-Tárki has lowered its forecast for this year’s economic growth to 4 percent from 5 percent. In its latest forecast published on Thursday, Kopint-Tárki said domestic consumption would grow by 4.3 percent and gross capital accumulation by 4 percent.

Its inflation was forecast upped to 8.7 percent from its December projection of 5.5 percent, while it projected Hungary’s current-account deficit increasing to 5 percent of GDP.

KSH: Hungary trade deficit at EUR 91 m in Feb

Hungary’s trade balance showed a deficit of 91 million euros in February, the Central Statistical Office (KSH) said in a first reading of data on Thursday. Hungary, an export-driven economy where trade surpluses are the norm, has shown a deficit for the eighth month in a row. Exports rose by an annual 17.7 percent, to 11.403 billion euros and imports climbed 29.2 percent to 11.494 billion.

Trade with other European Union member states accounted for 76 percent of exports and 69 percent of imports.

  • Read also: Hungarian forint plummets again – here is why

Takarékbank chief analyst Gergely Suppán said higher industrial output paired with rising factory gate prices are boosting exports, calculated in euros, while strong domestic demand and dearer commodities and energy are lifting imports. The higher commodities and energy prices are hurting Hungary’s terms of trade, although the jump in grain prices is mitigating the effect “to a small degree”, he added.

Food shortages in Hungary? Here is all you have to know 3
Read alsoFood shortages in Hungary? Here are all you need to know

Source: MTI

Hungarian economy Hungary statistics trade
Share
DNH 2021
DNH 2021

Related posts

Fuel-station-in-Hungary
29/05/2022

EU may abolish new Hungarian fuel sanctions


Read more
Hungarian forint state budget
29/05/2022

Zloty to strengthen, koruna to remain stable, forint to get weaker?


Read more
Jakots Orsolya Exagent Group
28/05/2022

How to make a rock-solid pitch to the investors? Here are some tips for startups 


Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
Latest news
  • 8th International Nature Film Festival ongoing in Gödöllő
  • EU may abolish new Hungarian fuel sanctions
  • Camps, study visits for Hungarians living in W Europe to continue!
  • Zloty to strengthen, koruna to remain stable, forint to get weaker?

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

About us

Contact us

© 2022 DailyNewsHungary. All rights reserved!
Posting....