Following the almost permanent and pronounced fall in 2011, GKI-Erste confidence index (adjusted for seasonal factors) was close to stagnation in the first eight months of 2012. The modest increase at the end of 2011 was followed by a plunge in May and modest sideway movements since then. In August...
GKI Economic Research Co. forecasts that a recession can be expected in Hungary in 2012, a decline of about 1.5 per cent just like in the first quarter of the year. Though exports will increase in the second half of the year due to automotive investments, domestic demand is not...
GKI-Erste economic sentiment index hardly increased in July compared to this year’s low point Following its fall in May, GKI-Erste economic sentiment index adjusted for seasonal effects slightly increased in June and July; however, it regained only less than half of its previous fall. Business and consumer expectations slightly improved...
Hungary is lagging behind the EU in economic terms and is becoming isolated politically from the EU. According the latest figures GDP trends are the most unfavourable in Hungary following Greece and Portugal. The yields of government securities are higher only in these two countries (sometimes also in Ireland) than...
Following the plunge in May GKI-Erste economic sentiment index (adjusted for seasonal factors) was close to stagnation in June. According to the survey prepared by GKI with the sponsorship of the EU, business expectations deteriorated further slightly. On the other hand, consumer expectations improved conceivably, however, they did not make...
In May the GKI-Erste economic sentiment index adjusted for seasonal effects has fallen more than in any month since the autumn of 2008, when the world economic crisis hit Hungary. Following a three-month improvement or stagnation, the index reached its very low level at the beginning of 2012. Such negative...
In April of 2012 the GKI Budapest Real Estate Market Index (92.8) shows insignificant decrease compared to the previous quarter (-0.8 points). Expectations on residential and warehouse market improved slightly, on office and retail space market deteriorated. You can download the report from here.
This year, the purchasing power of the population will decrease by about 2.5 percent. It will be the fifth year since since 2006, , when – except for last year’s stagnation – a reduction will occur in the consumption of the population – wrote the head researcher of GKI. In...
The forint strengthened considerably last week after the news that the obstacles to the IMF negotiations might be eliminated soon. GKI forecasts that the implementation of the Szell Kalman Plan 2.0 may be sufficient to terminate the excessive deficit procedure next year, and the threat of suspending Hungary’s access to...
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