According to the forecast of GKI Economic Research Co. prepared in co-operation with Erste Bank, the output of exporting and service industries will expand most in 2010.
According to the forecast of GKI Economic Research Co. prepared in co-operation with Erste Bank, the output of exporting and service industries , mainly involving manufacturing, one segment of road transportation and inbound tourism will expand most in 2010, which consists of first of all manufacturing, a segment of road transportation and inbound tourism. However, the turnover of firms selling their goods and services in the domestic market - e.g. those in construction and trade - continues to contract.
In 2010, the rate of GDP growth is projected to total approximately 1 pct.
The 29-point Action Plan of the government announced by the Prime Minister at the beginning of June, is a necessary reaction to the situation: many of its elements indicate the appropriate direction, but the details are not necessarily sufficient. For the markets (for foreign actors and the EU) the most important message of the announcement was that the government would not take irresponsible steps enhancing the deficit to stimulate the economy. For the Hungarian society the main message of the Action Plan is that the government is on board.
