{"id":36262,"date":"2020-04-16T22:39:54","date_gmt":"2020-04-16T22:39:54","guid":{"rendered":"https:\/\/helpers.hu\/%d0%b1%d0%b5%d0%b7-%d0%ba%d0%b0%d1%82%d0%b5%d0%b3%d0%be%d1%80%d0%b8%d0%b8\/hungarian-economy-still-strong-according-to-imf-outlook\/"},"modified":"2024-07-19T13:42:24","modified_gmt":"2024-07-19T13:42:24","slug":"hungarian-economy-still-strong-according-to-imf-outlook","status":"publish","type":"post","link":"https:\/\/helpers.hu\/ru\/covid\/hungarian-economy-still-strong-according-to-imf-outlook\/","title":{"rendered":"Hungarian economy still strong according to IMF outlook"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">World economic outlook reports by the IMF<\/h2>\n\n\n\n<p>The International Monetary Fund publishes its forecasts twice a year. The latest edition was published in October 2019, and the new one has just become accessible. In that, they are referring to the current situation as \u201cThe Great Lockdown\u201d, and they are analyzing the consequences of the coronavirus pandemic in their latest, <a href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\/Issues\/2020\/04\/14\/weo-april-2020\">April 2020 world economy forecast<\/a>.<\/p>\n\n\n\n<p>They have consulted numerous epidemiologists, public\nhealth experts, and infectious disease specialists working on therapies for\nCOVID-19. Based on that, they have come up with a baseline scenario, in which\nthe pandemic should fade in the second half of 2020, meaning that <a href=\"https:\/\/helpers.hu\/ru\/covid\/handling-the-covid-19-epidemic-in-hungary\/\">containment\nefforts<\/a> can be gradually unwound then. They expect that the economic\nlandscape will be altered significantly, making a greater involvement of\ngovernments and central banks necessary in the economy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Hungary during and after the crisis<\/h2>\n\n\n\n<p>In its statistical analysis, the IMF expects Hungary to suffer an annual 3.1% <strong>GDP<\/strong> loss in 2020, which is the best expected outcome in the region. In comparison, Austria is expected to lose 7%, Croatia 9%, Slovakia 6.2%, Poland 4.6%. For bigger EU member states, even greater losses are expected, with Germany to lose 7%, France 7.2%, Spain 8.0%, and Italy 9.1%.<\/p>\n\n\n\n<p>At the same time, the IMF expects that Hungary will be\non a growth curve again <strong>in 2021<\/strong>, with a <strong>4.2% GDP increase<\/strong>. <a href=\"https:\/\/helpers.hu\/ru\/covid\/economic-relief-measures-in-hungary-during-the-covid-19-pandemic\/\">Economic\nrelief measures<\/a> already in place will certainly play a role in\nstabilization and recovery. <\/p>\n\n\n\n<p><strong>Inflation<\/strong> in Hungary was around 3.4% in 2019. According to the IMF outlook, it will be again around 3.3% in 2020, and it will decrease further in 2021, reaching a value as low as 3.2%.<\/p>\n\n\n\n<p>The <strong>rate of unemployment<\/strong> is another important indicator. While it was around 3.4% in 2019, the figure for 2020 will probably be around 5.4%, due to the economic crisis. However, this will decrease again in 2021 to 4.0%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Starting a business in Hungary<\/h2>\n\n\n\n<p>For years, Hungary has been one of the best options\nfor moving your business to Europe thanks to the lowest corporate tax in the EU\nat only 9% and the quick and easy procedure with registration in just 4-5\nbusiness days, complete with an immediate EU VAT number. <\/p>\n\n\n\n<p>Currently the biggest obstacle to company formation in\nHungary by foreigners is the travel ban, since usually you would need to be\npresent in person to open a corporate bank account for your Hungarian company.\nHowever, banks are currently changing their procedures, which might remove that\nobstacle in the nearest future \u2013 while all other procedures are handled\nuninterrupted. Moreover, if you <strong>make all preparations<\/strong> for setting up\nyour Hungarian company <strong>still during the lockdown<\/strong>, you can <strong>get a head\nstart on your competitors<\/strong> once restrictions are lifted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the latest forecast published by the IMF, Hungary is listed among the economically strongest EU member states, with the least expected GDP loss in 2020, and an impressive comeback in 2021.<\/p>\n","protected":false},"author":8,"featured_media":11170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1019,1114],"tags":[1030],"class_list":["post-36262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-covid","category-1114","tag-business-ru"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hungarian economy still strong according to IMF outlook - 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