One of the largest financial and economic analysis workshops in London, Capital Economics , wrote in its new forecast presented on Monday that, since the vaccination program in Hungary is ahead of that of other countries in the region, the lifting of restrictions has already begun, so the recovery is expected to start earlier than the others in the Central European economy.
The analysis company predicts a GDP growth of 4 percent for the whole of this year and 6 percent in 2022 in the Hungarian economy. However, according to the house's calculations, the value of Hungary's gross domestic product at the end of 2022 will still be 2 percent below the levels before the coronavirus epidemic.
Capital Economics expects that the deficit measured as a percentage of the gross domestic product will decrease from 8.1 percent in 2020 to 5.1 percent this year, 4.3 percent next year, and 3.3 percent in 2023.
According to the company's calculations, the public debt-to-GDP ratio will decrease from 78 percent last year to 76.5 percent by the end of this year, to 75.5 percent in 2022, and to 74.3 percent in 2023.
In the recent period, published forecasts about the growth prospects of the Hungarian economy that are optimistic - but somewhat more cautious than Capital Economics' latest forecast
Photo: MH/Péter Papajcsik
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