Retail sales growth slows in Hungary as food inflation surges to 30%

bne IntelliNews September 6, 2022

Adjusted for calendar year effects, retail sales increased by 4.3% y/y and 0.5% m/m.

Gazprom and Hungary agree on additional gas deliveries for winter

bne IntelliNews September 5, 2022

Agreement guarantees the delivery of up to another 5.8 mcm gas per day to Hungary in September and October.

ING: Energy crisis pulls rug from under the big exporting nations

ING September 1, 2022

It is a familiar narrative, but a firmly hawkish Fed plus major exporting nations seeing their trade surpluses wiped out by higher energy costs continue to drive the dollar higher. And we doubt an extra 25bp of ECB tightening this autumn will help.

Hungarian central bank passes 100bp hike, announces measures to reduce excess liquidity

bne IntelliNews August 30, 2022

The base rate now stands at its highest level since April 2004 and at 11.75% is the highest in the CEE region.

ING: German Ifo down, recession not a question of “if” but “how bad will it be”

Carsten Brzeski Global Head of Macro for ING Research August 29, 2022

The list of arguments why the German economy is sliding into recession is getting ever longer. The question isn't about whether there'll be a recession but rather how severe and how long it will be.