The business confidence index fell slightly further in November after a big drop in October. Con-sumer sentiment, on the other hand, improved slightly, although it remained gloomier than its terrible pessimism of September. According to a survey conducted by GKI Economic Research Co. with the support of the EU, business expectations were similarly negative during the Covid period of early 2021. Consumers were still more pessimistic than they were in the Covid panic of spring 2020. The good news, however, is that the business sector’s willingness to employ slightly strengthened, its intentions to raise prices weakened, while consumers’ fear of unemployment and inflationary expectations also changed in a favourable direction.
Search for analysis
Related Posts
Others
2023. March 28.
A 0.5 percent decline and 19 percent inflation expected in 2023 – Summary of the March 2023 forecast of GKI Economic Research Co.
Hungary entered a technical recession in 2022, facing serious imbalances, and it became very isolated…
Others
2022. December 12.
The forecast of GKI Economic Research Co. for 2022-2023 (4/2022)
Hungary’s GDP fell by 0.4 per cent in the third quarter of 2022 compared with…