Free Trial

Morning Summary: Finance Ministry Projects a 4.3% GDP Growth in 2021

HUNGARY
  • Covid daily new cases continue to decrease with the 7D SMA falling to 3,800, down from 9,300 (March 26 high). Hungarian health authorities have recently reported that data showed the virus has peaked with the number of patients being treated in hospitals dropping by a third from the end of March high.
  • At 1pm (London time), NBH will host a conference on green banking (with Deputy Governor Csaba Kandracs and OTP Bank Deputy CEO Laszlo Wolfamong speakers) – BBG.
  • The finance ministry on Tuesday submitted to parliament the amendment to the 2021 budget; Hungary's deficit target under the amendment is at 7.5 percent, and also projects a 4.3% economic growth in 2021. A parliamentary vote on the amendment is expected during the spring session (BBG).
  • There are no important economic data to watch today

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.