Coface: internal consumption is the engine of economic growth in Hungary
In Hungary, the engine of economic growth will be primarily internal consumption, mainly due to the decline in unemployment, the increase in disposable income – according to the fresh analysis of Coface credit insurer.
The dynamic labor market, the reduction of personal income tax and value added tax, the expansion of private consumption are also contributing to the strengthening of internal consumption that will be the main driver of the Hungarian economy. The Hungarian economy is developing steadily, thanks to European Union funds – they added. (MTI)
Related news
MBH Bank analysis: Overall, this year’s annual inflation rate could be 4.1%
The last time the rate of price increase was at…
Read more >Ho.Re.Ca. Coffee Market in Central Eastern Europe Despite the Crisis
The Ho.Re.Ca coffee market in the CEE countries, including Hungary,…
Read more >GDP did not change compared to the previous quarter
Falling short of expectations, the domestic GDP did not change…
Read more >Related news
What do shoppers say about the new retail tools?
At the beginning of the year, Consumer Panel Hungary GfK–YouGov asked panel…
Read more >Special foods ranking: 1. Diabetic, 2. Low-carb, 3. Lactose-free
Different special diets and foods are frequently discussed, and it…
Read more >Community in the community
The recent MasterWorks business workshop of Hungarian Product Nonprofit Kft.…
Read more >