According to recent forecasts by London-based macroeconomic analysts, the Hungarian economy's annual growth rate this year may reach 7 percent.

In its new regional forecast presented on Friday, the analysis team dealing with emerging markets of the London investment department of the global financial services group Morgan Stanley

Analysts from Morgan Stanley in London had previously calculated that the Hungarian gross domestic product (GDP) would increase by 16 percent compared to the same quarter last year. In their assessment of the situation on Friday, the house's experts announced that, based on the stronger-than-expected second-quarter GDP expansion and the still favorable growth prospects, they raised the full-year growth forecast for the Hungarian economy to 7 percent - that is, well above the consensus expectation of 6.1 percent GDP growth. their forecast.

Analysts from Morgan Stanley in London emphasized that their new forecast significantly exceeds the forecast of the Hungarian National Bank, as the MNB is currently expecting a full-year growth of 6.2 percent in the Hungarian economy this year.

The credit rating department of the global financial service group Standard & Poor's confirmed the "BBB/A-2" rating of Hungary's long- and short-term public debt obligations with an unchanged stable outlook the other day and stated in its justification for the decision: 6 .1 percent in the Hungarian economy this year, assuming that the number of coronavirus infections does not begin to rise rapidly again.
According to the expectations of S&P analysts in London, the value of Hungary's gross domestic product may reach the pre-coronavirus epidemic level again this year.

Another global credit rating agency, Fitch Ratings recently also confirmed the "BBB" rating of Hungary's long-term public debt obligations in foreign currency with a stable outlook, and stated in its justification that: according to its expectation, the Hungarian GDP value will be 6.5 percent this year, 2022-2023 increases by an average of 4.8 percent per year in real terms . The Fitch analysts in London emphasized that the growth rates they expect significantly exceed the growth potential of the Hungarian economy.

Source: MTI