{"id":23203,"date":"2013-12-11T14:30:01","date_gmt":"2013-12-11T13:30:01","guid":{"rendered":"http:\/\/stockportal.hu\/?p=23203"},"modified":"2013-12-11T14:31:13","modified_gmt":"2013-12-11T13:31:13","slug":"takarekbank-makrogazdasagi-prognozis-2013-q4-felgyorsult-a-magyar-gazdasagi-novekedes-uteme-kedvezoen-alakul-a-kulso-kereslet","status":"publish","type":"post","link":"https:\/\/gazdasagportal.hu\/index.php\/takarekbank-makrogazdasagi-prognozis-2013-q4-felgyorsult-a-magyar-gazdasagi-novekedes-uteme-kedvezoen-alakul-a-kulso-kereslet\/","title":{"rendered":"Takar\u00e9kBank makrogazdas\u00e1gi progn\u00f3zis 2013 Q4 &#8211; Felgyorsult a magyar gazdas\u00e1gi n\u00f6veked\u00e9s \u00fcteme, kedvez\u0151en alakul a k\u00fcls\u0151 kereslet."},"content":{"rendered":"<p><b>A v\u00e1rtn\u00e1l kedvez\u0151bb hat\u00e1ssal volt a j\u00e1rm\u0171ipar, a mez\u0151gazdas\u00e1g \u00e9s az \u00e9p\u00edt\u0151ipar teljes\u00edtm\u00e9nye az \u00e9ves n\u00f6veked\u00e9si adatokra \u00e9s a kibocs\u00e1t\u00e1sra a harmadik negyed\u00e9vben. R\u00e9szben teh\u00e1t egyedi t\u00e9nyez\u0151k \u00e9s kedvez\u0151 b\u00e1zishat\u00e1sok eredm\u00e9nyek\u00e9ppen Magyarorsz\u00e1g Eur\u00f3pa jobban teljes\u00edt\u0151 gazdas\u00e1gai k\u00f6z\u00e9 ugrott. A harmadik negyed\u00e9v adatai alapj\u00e1n sz\u00e1mos mutat\u00f3 bizakod\u00e1sra ad okot az amerikai \u00e9s az eur\u00f3pai gazdas\u00e1g talpra \u00e1ll\u00e1sa tekintet\u00e9ben is, b\u00e1r a v\u00e1ls\u00e1g el\u0151tti h\u00faz\u00f3er\u0151 visszat\u00e9r\u00e9s\u00e9re m\u00e9g v\u00e1rni kell.<\/b>\u00a0<!--more--><\/p>\n<p>Els\u0151sorban egyes szektorok el\u0151zetesen v\u00e1rtn\u00e1l jobb teljes\u00edtm\u00e9nye k\u00f6vetkezt\u00e9ben <b>a magyar gazdas\u00e1gi n\u00f6veked\u00e9s \u00fcteme felgyorsult<\/b>: a harmadik negyed\u00e9vben szezon\u00e1lisan kiigaz\u00edtott adatok alapj\u00e1n 0,9%-kal b\u0151v\u00fclt a kibocs\u00e1t\u00e1s a m\u00e1sodik negyed\u00e9vhez k\u00e9pest; ez imm\u00e1r a harmadik egym\u00e1st k\u00f6vet\u0151 pozit\u00edv negyed\u00e9ves n\u00f6veked\u00e9si \u00fctem. A kiigaz\u00edtatlan adatok alapj\u00e1n sz\u00e1molt \u00e9ves n\u00f6veked\u00e9s pedig 1,8%-os lett; mindk\u00e9t mutat\u00f3 alapj\u00e1n Magyarorsz\u00e1g Eur\u00f3pa jobban teljes\u00edt\u0151 gazdas\u00e1gai k\u00f6z\u00e9 ugrott. A Takar\u00e9kBank elemz\u0151i szerint <b>nagyr\u00e9szt egyedi t\u00e9nyez\u0151k \u00e9s kedvez\u0151 b\u00e1zishat\u00e1sok<\/b> k\u00f6vetkezt\u00e9ben ez<b> a dinamika<\/b> <b>a v\u00e1rtn\u00e1l is l\u00e9nyegesen er\u0151sebb<\/b>.<\/p>\n<p><b>\u00a0GDP, beruh\u00e1z\u00e1sok<\/b><\/p><div id=\"gazda-3550638477\" class=\"gazda-tartalomban gazda-entity-placement\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-6t+ed+2i-1n-4w\"\r\n     data-ad-client=\"ca-pub-1959107119989764\"\r\n     data-ad-slot=\"4008251320\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>A j\u00f3l teljes\u00edt\u0151 beruh\u00e1z\u00e1sok felp\u00f6rg\u00e9se m\u00f6g\u00f6tt legink\u00e1bb az Eur\u00f3pai Uni\u00f3s forr\u00e1sok intenz\u00edvebb felhaszn\u00e1l\u00e1s\u00e1n alapul\u00f3 \u00e1llami beruh\u00e1z\u00e1sok, kisebb m\u00e9rt\u00e9kben feldolgoz\u00f3ipari beruh\u00e1z\u00e1sok illetve a rendk\u00edv\u00fcl alacsony forr\u00e1sk\u00f6lts\u00e9g\u0171 MNB-s n\u00f6veked\u00e9si hitelprogram (NHP) \u00e1ltal finansz\u00edrozott KKV-projektek \u00e1lltak. Ezek kedvez\u0151 hat\u00e1sokat ind\u00edthatnak el a gazdas\u00e1g eg\u00e9sz\u00e9ben, de <b>korai lenne m\u00e9g n\u00f6veked\u00e9si fordulatr\u00f3l besz\u00e9lni<\/b>. A kor\u00e1bbi \u00e9vekben kit\u00e1gult n\u00f6veked\u00e9si r\u00e9s z\u00e1r\u00f3d\u00e1sa, \u00e9s olyan egyedi jelleg\u0171 t\u00e9nyez\u0151k, mint p\u00e9ld\u00e1ul az NHP, \u00edgy is lehet\u0151s\u00e9get teremtenek arra, hogy a 2015-ig terjed\u0151 id\u0151szakban a jelenleg el\u00e9g alacsony potenci\u00e1lis n\u00f6veked\u00e9si \u00fctemn\u00e9l er\u0151teljesebb b\u0151v\u00fcl\u00e9st mutasson a gazdas\u00e1g.<\/p>\n<p>&nbsp;<\/p>\n<p>A negyedik negyed\u00e9vben a n\u00f6veked\u00e9s \u00e9ves \u00fcteme ak\u00e1r 2,8%-ra is gyorsulhat, \u00edgy 2013-ban az \u00e9ves \u00e1tlagos GDP-b\u0151v\u00fcl\u00e9s el\u00e9rheti az 1,2%-ot. R\u00e9szben a kedvez\u0151 \u00e1th\u00faz\u00f3d\u00f3 hat\u00e1soknak k\u00f6sz\u00f6nhet\u0151en is, 2014-re a gazdas\u00e1gi n\u00f6veked\u00e9s a 2%-ot is meghaladhatja, \u00e9s a kibocs\u00e1t\u00e1si r\u00e9s m\u00e1r eml\u00edtett z\u00e1r\u00f3d\u00e1sa miatt 2015-re is marad tartal\u00e9k egy 2% f\u00f6l\u00f6tti n\u00f6veked\u00e9si \u00fctemhez. Ahhoz azonban, <b>hogy 2015-\u00f6t k\u00f6vet\u0151en a n\u00f6veked\u00e9si dinamika tov\u00e1bb emelkedhessen, a potenci\u00e1lis n\u00f6veked\u00e9s t\u00e9nyez\u0151iben jelent\u0151s javul\u00e1sra lenne m\u00e9g sz\u00fcks\u00e9g<\/b>. Ez lesz a gazdas\u00e1gpolitika legfontosabb kih\u00edv\u00e1sa a 2014-2018-as v\u00e1laszt\u00e1si ciklusban.<\/p>\n<p><b>Infl\u00e1ci\u00f3, jegybanki kamat<\/b><\/p>\n<p>Az infl\u00e1ci\u00f3 csaknem negyven\u00e9ves m\u00e9lyponton j\u00e1r (okt\u00f3berben 0,9%-os \u00e9ves szinten \u00e1llt), amiben nagy r\u00e9sze van az adminisztrat\u00edv \u00e1rint\u00e9zked\u00e9seknek (rezsics\u00f6kkent\u00e9s), a statisztikai hat\u00e1soknak \u00e9s a vil\u00e1gpiaci energia- \u00e9s \u00e9lelmiszer\u00e1rak kedvez\u0151 alakul\u00e1s\u00e1nak. A maginfl\u00e1ci\u00f3 enn\u00e9l magasabb szinten van (ugyancsak okt\u00f3berben 3,4%-os volt), de egyr\u00e9szt ez is bel\u00fcl van a jegybank k\u00f6z\u00e9pt\u00e1v\u00fa c\u00e9ls\u00e1vj\u00e1n (3<span style=\"text-decoration: underline;\">+<\/span>0,5%), m\u00e1sr\u00e9szt a doh\u00e1nykereskedelemben alkalmazott \u00e1rr\u00e9s jelent\u0151s t\u00e1g\u00edt\u00e1s\u00e1nak hat\u00e1s\u00e1t is tartalmazza, vagyis a t\u00e9nyleges \u00e1rnyom\u00e1s l\u00e9nyegesen enyh\u00fclt az ut\u00f3bbi h\u00f3napokban. A m\u00e1r bejelentett int\u00e9zked\u00e9sek illetve a v\u00e1rhat\u00f3 vil\u00e1gpiaci \u00e1ralakul\u00e1s figyelembev\u00e9tel\u00e9vel az infl\u00e1ci\u00f3 m\u00e9g tov\u00e1bb cs\u00f6kken a k\u00f6vetkez\u0151 h\u00f3napokban, \u00e9s j\u00f6v\u0151 \u00e9vben is k\u00e9nyelmesen a k\u00f6z\u00e9pt\u00e1v\u00fa c\u00e9l alatt marad (\u00e9ves \u00e1tlagban 1,5%-os lesz), b\u00e1r \u00e9v v\u00e9ge fel\u00e9 m\u00e1r a 3% k\u00f6zel\u00e9be emelkedik vissza.<\/p>\n<p><b>Miut\u00e1n<\/b> <b>a k\u00f6vetkez\u0151 6-8 negyed\u00e9vben<\/b> <b>az infl\u00e1ci\u00f3 \u00e9ves \u00fcteme<\/b> <b>a k\u00f6z\u00e9pt\u00e1v\u00fa c\u00e9l tolerancias\u00e1vja alatt illetve azon bel\u00fcl marad,<\/b> \u00edgy lehet\u0151s\u00e9g van tov\u00e1bbi esetleges kamatcs\u00f6kkent\u00e9sre is. A progn\u00f3zis 2013 v\u00e9g\u00e9re 3%-os alapkamat szintre sz\u00e1m\u00edt. A tov\u00e1bbi v\u00e1g\u00e1snak g\u00e1tat szabhat, hogy azzal tov\u00e1bb cs\u00f6kkenne a m\u00e1r am\u00fagy is csek\u00e9ly kamatt\u00f6bblet a forint- \u00e9s a devizabefektet\u00e9sek k\u00f6z\u00f6tt, amit a javul\u00f3 magyar re\u00e1lgazdas\u00e1gi mutat\u00f3k \u00e1ltal esetlegesen indokolt orsz\u00e1gkock\u00e1zati fel\u00e1r-cs\u00f6kken\u00e9s csak ideig-\u00f3r\u00e1ig ellens\u00falyozhat. V\u00e9lem\u00e9ny\u00fcnk szerint ez\u00e9rt a 3%-os szint el\u00e9r\u00e9se ut\u00e1n a kamatv\u00e1g\u00e1s sz\u00fcneteltet\u00e9se, de legal\u00e1bbis lass\u00edt\u00e1sa sz\u00fcks\u00e9ges lenne ahhoz, hogy nyugodt lehessen az \u00e1tmenet az enyh\u00edt\u00e9sb\u0151l az elker\u00fclhetetlen\u00fcl bek\u00f6vetkez\u0151 kamatemel\u00e9si ciklusba, vagyis ez ut\u00f3bbit ne a hirtelen roml\u00f3 k\u00fcls\u0151 finansz\u00edroz\u00e1si k\u00f6r\u00fclm\u00e9nyek k\u00e9nyszer\u00edts\u00e9k ki. A Takar\u00e9kBank elemz\u0151i szerint a kamatemel\u00e9s legk\u00e9s\u0151bb 2015 elej\u00e9t\u0151l sz\u00fcks\u00e9gess\u00e9 v\u00e1lik, mivel 2014 v\u00e9g\u00e9t\u0151l az infl\u00e1ci\u00f3 fokozatosan a hosszabb t\u00e1von fenntarthat\u00f3 3% k\u00f6zeli szintre emelkedik vissza.<\/p>\n<p><b>Foglalkoztatotts\u00e1g<\/b><\/p>\n<p>Az akt\u00edv \u00e1llami foglalkoztat\u00e1spolitika \u00e9s a szab\u00e1lyoz\u00e1si k\u00f6rnyezet v\u00e1ltoz\u00e1sainak hat\u00e1s\u00e1ra a f\u0151 mutat\u00f3sz\u00e1mok alapj\u00e1n <b>2014-15-ben is folytat\u00f3dik a foglalkoztatottak \u00e9s a munkapiacon akt\u00edvan jelenl\u00e9v\u0151k sz\u00e1m\u00e1nak emelked\u00e9se, mik\u00f6zben a munkan\u00e9lk\u00fclis\u00e9gi r\u00e1ta cs\u00f6kken. A Takar\u00e9kBank elemz\u0151i szerint 2015-re <\/b>a mag\u00e1nszektor munkahelyteremt\u0151 k\u00e9pess\u00e9g\u00e9nek \u00e9s hajland\u00f3s\u00e1g\u00e1nak fokozatos, b\u00e1r lass\u00fa javul\u00e1sa<b> \u00e9s <\/b>a k\u00f6zfoglalkoztat\u00e1s tov\u00e1bbi emelked\u00e9se mellett<b> a munkan\u00e9lk\u00fclis\u00e9gi r\u00e1ta \u00e9ves \u00e1tlagos m\u00e9rt\u00e9ke v\u00e1rhat\u00f3an 10% al\u00e1 ker\u00fclhet.<\/b><\/p>\n<p><b>\u00a0K\u00f6lts\u00e9gvet\u00e9s<\/b><\/p>\n<p>Az \u00e1llamh\u00e1ztart\u00e1si mutat\u00f3k<b> <\/b>a Takar\u00e9kBank elemz\u0151i szerint a v\u00e1rtn\u00e1l l\u00e9nyegesen er\u0151sebb bev\u00e9tel-oldali teljes\u00fcl\u00e9st mutatnak. A n\u00e9mileg enyh\u00fcl\u0151 kiad\u00e1si szigor ellen\u00e9re az idei hi\u00e1ny az elemz\u0151k sz\u00e1m\u00edt\u00e1sai szerint, v\u00e1rhat\u00f3an a GDP 2,7%-\u00e1ra r\u00fag majd, amely fegyelmezett k\u00f6lts\u00e9gvet\u00e9si politika mellett 2014-ben sem haladja meg a 3%-ot. Ha a tendenci\u00e1k nem v\u00e1ltoznak, 2015-ben m\u00e9g enyh\u00fclhet is a deficit GDP-ar\u00e1nyos m\u00e9rt\u00e9ke. A <b>GDP-ar\u00e1nyos \u00e1llamad\u00f3ss\u00e1g mutat\u00f3 id\u00e9n (m\u00e9g) nem cs\u00f6kken sz\u00e1mottev\u0151en<\/b>, <b>2014-t\u0151l<\/b> viszont <b>m\u00e1r komolyabban m\u00e9rs\u00e9kl\u0151dhet<\/b>, hiszen a nomin\u00e1lis kibocs\u00e1t\u00e1s n\u00f6veked\u00e9se is felgyorsul.<\/p>\n<p><b>Fizet\u00e9si m\u00e9rleg<\/b><\/p>\n<p><b>A k\u00fcls\u0151 egyens\u00falyi mutat\u00f3k tov\u00e1bbra is Magyarorsz\u00e1g k\u00fcls\u0151 sebezhet\u0151s\u00e9g\u00e9nek cs\u00f6kken\u00e9s\u00e9re utalnak: a foly\u00f3 fizet\u00e9si m\u00e9rleg, valamint a t\u0151kem\u00e9rleg egy\u00fcttes egyenlegek\u00e9nt az orsz\u00e1g nett\u00f3 finansz\u00edroz\u00e1si k\u00e9pess\u00e9ge id\u00e9n \u00e9s j\u00f6v\u0151re a GDP 5%-\u00e1t is el\u00e9ri<\/b>, \u00e9s ut\u00e1na is csak m\u00e9rs\u00e9kelten cs\u00f6kken, amint a n\u00f6vekv\u0151 bels\u0151 kereslet az import n\u00f6veked\u00e9si \u00fctem\u00e9t az export\u00e9 f\u00f6l\u00e9 emeli. Az \u00e1llamad\u00f3ss\u00e1ghoz hasonl\u00f3an a nomin\u00e1lis GDP v\u00e1rtn\u00e1l alacsonyabb n\u00f6veked\u00e9se miatt a GDP-ar\u00e1nyos brutt\u00f3 k\u00fclf\u00f6ldi ad\u00f3ss\u00e1g ugyan alig cs\u00f6kken 2013 v\u00e9g\u00e9re, viszont 2014-15-ben m\u00e1r er\u0151teljesebben m\u00e9rs\u00e9kl\u0151dhet, noha m\u00e9g az el\u0151rejelz\u00e9si id\u0151szak v\u00e9g\u00e9re is massz\u00edvan 100% f\u00f6l\u00f6tt marad.<\/p>\n<p><b> EL\u0150REJELZ\u00c9SEINK \u00d6SSZEFOGLAL\u00d3 T\u00c1BL\u00c1ZATA<\/b><\/p>\n<table width=\"621\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"top\" width=\"207\"><b>\u00a0<\/b><\/td>\n<td valign=\"top\" width=\"61\">\n<p align=\"center\"><b>2009<\/b><\/p>\n<\/td>\n<td valign=\"top\" width=\"56\">\n<p align=\"center\"><b>2010<\/b><\/p>\n<\/td>\n<td valign=\"top\" width=\"56\">\n<p align=\"center\"><b>2011<\/b><\/p>\n<\/td>\n<td valign=\"top\" width=\"56\">\n<p align=\"center\"><b>2012<\/b><\/p>\n<\/td>\n<td valign=\"top\" width=\"56\">\n<p align=\"center\"><b>2013<\/b><\/p>\n<\/td>\n<td valign=\"top\" width=\"65\">\n<p align=\"center\"><b>2014<\/b><\/p>\n<\/td>\n<td valign=\"top\" width=\"65\">\n<p align=\"center\"><b>2015<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>\u00a0<\/b><\/td>\n<td colspan=\"4\" valign=\"top\" width=\"229\">\n<p align=\"center\"><b>T\u00c9NY<\/b><\/p>\n<\/td>\n<td colspan=\"3\" valign=\"top\" width=\"185\">\n<p align=\"center\"><b>EL\u0150REJELZ\u00c9S<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>GDP (%)<\/b><\/td>\n<td width=\"61\">\n<p align=\"center\">-6,8<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">1,1<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">1,6<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">-1,7<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">1,2<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">2,2<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">2,3<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>\u00a0 Lakoss\u00e1gi fogyaszt\u00e1s (%)<\/b><\/td>\n<td width=\"61\">\n<p align=\"center\">-5,6<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">-3,6<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">0,3<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">-1,7<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">-0,2<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">1,5<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">1,9<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>\u00a0 K\u00f6z\u00f6ss\u00e9gi fogyaszt\u00e1s (%)<\/b><\/td>\n<td width=\"61\">\n<p align=\"center\">2,6<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">4,7<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">-0,1<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">0,1<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">4,3<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">2,8<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">1,5<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>\u00a0 Beruh\u00e1z\u00e1sok (%)<\/b><\/td>\n<td width=\"61\">\n<p align=\"center\">-11,1<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">-8,5<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">-5,9<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">-3,7<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">4,9<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">6,1<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">4,0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>\u00a0 Export (%)<\/b><\/td>\n<td width=\"61\">\n<p align=\"center\">-10,2<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">11,3<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">8,4<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">1,7<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">5,0<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">5,8<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">6,0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>\u00a0 Import (%)<\/b><\/td>\n<td width=\"61\">\n<p align=\"center\">-14,8<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">10,9<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">6,4<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">-0,1<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">5,0<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">5,9<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">6,6<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>Infl\u00e1ci\u00f3 (%)<\/b><\/td>\n<td width=\"61\">\n<p align=\"center\">4,2<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">4,9<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">3,9<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">5,7<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">1,7<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">1,5<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">2,8<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>Munkan\u00e9lk\u00fclis\u00e9gi r\u00e1ta (%)<\/b><\/td>\n<td width=\"61\">\n<p align=\"center\">10,0<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">11,2<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">10,9<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">10,9<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">10,5<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">10,1<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">9,9<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>\u00c1llamh\u00e1ztart\u00e1si egyenleg <\/b><b>(ESA-95; GDP %-a)<\/b><\/td>\n<td width=\"61\">\n<p align=\"center\">-4,6<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">-4,4<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">4,2<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">-2,1<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">-2,7<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">-2,9<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">-2,6<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>\u00c1llamad\u00f3ss\u00e1g (GDP %-a)<\/b><\/td>\n<td width=\"61\">\n<p align=\"center\">79,8<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">82,2<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">82,1<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">79,8<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">79,8<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">77,7<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">75,0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>K\u00fclkereskedelmi m\u00e9rleg <\/b><b>(milli\u00f3 eur\u00f3)<\/b><\/td>\n<td width=\"61\">\n<p align=\"center\">3738<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">5515<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">7061<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">6655<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">7120<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">7400<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">7200<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>Foly\u00f3 fizet\u00e9si m\u00e9rleg <\/b><b>(GDP %-a)<\/b><\/td>\n<td width=\"61\">\n<p align=\"center\">-0,2<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">0,2<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">0,5<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">1,0<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">2,3<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">2,2<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">1,8<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>K\u00fcls\u0151 finansz\u00edroz\u00e1si k\u00e9pess\u00e9g (GDP %-a)<\/b><\/td>\n<td width=\"61\">\n<p align=\"center\">0,9<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">2,0<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">2,8<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">3,6<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">5,0<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">4,9<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">4,0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"207\"><b>Brutt\u00f3 k\u00fclf\u00f6ldi ad\u00f3ss\u00e1g (GDP %-a)<\/b><\/td>\n<td width=\"61\">\n<p align=\"center\">149,6<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">143,7<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">134,1<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">127,8<\/p>\n<\/td>\n<td width=\"56\">\n<p align=\"center\">125,5<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">118,3<\/p>\n<\/td>\n<td width=\"65\">\n<p align=\"center\">113,1<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u00a0<\/b><\/p>\n<p><span style=\"color: #333333;\"><b>Takar\u00e9kBank Zrt.<\/b><\/span><\/p>\n<p><span style=\"color: #333333;\">Az 1989-ben alap\u00edtott Magyar Takar\u00e9ksz\u00f6vetkezeti Bank Zrt. (Takar\u00e9kBank) a sz\u00f6vetkezeti hitelint\u00e9zetek integr\u00e1ci\u00f3j\u00e1nak k\u00f6zponti bankjak\u00e9nt koordin\u00e1lja \u00e9s t\u00e1mogatja a sz\u00f6vetkezeti hitelint\u00e9zetek tev\u00e9kenys\u00e9g\u00e9t.\u00a0 A Takar\u00e9kBank m\u00e9rlegf\u0151\u00f6sszege 2012-ben 389,6 milli\u00e1rd forint volt, bet\u00e9t\u00e1llom\u00e1nya 341,3, m\u00edg hitel\u00e1llom\u00e1nya 131,6 milli\u00e1rd forintot tett ki. Ad\u00f3z\u00e1s ut\u00e1ni eredm\u00e9nye 195 milli\u00f3 forint volt. A Takar\u00e9kBank 2008 m\u00e1jus\u00e1t\u00f3l fel\u00fcgyeli a sz\u00f6vetkezeti hitelint\u00e9zetek szoros \u00fczleti egy\u00fcttm\u0171k\u00f6d\u00e9s\u00e9t, a Takar\u00e9kPont h\u00e1l\u00f3zatot.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A v\u00e1rtn\u00e1l kedvez\u0151bb hat\u00e1ssal volt a j\u00e1rm\u0171ipar, a mez\u0151gazdas\u00e1g \u00e9s az \u00e9p\u00edt\u0151ipar teljes\u00edtm\u00e9nye az \u00e9ves n\u00f6veked\u00e9si adatokra \u00e9s a kibocs\u00e1t\u00e1sra a harmadik negyed\u00e9vben. R\u00e9szben teh\u00e1t egyedi t\u00e9nyez\u0151k \u00e9s kedvez\u0151 b\u00e1zishat\u00e1sok eredm\u00e9nyek\u00e9ppen Magyarorsz\u00e1g Eur\u00f3pa jobban teljes\u00edt\u0151 gazdas\u00e1gai k\u00f6z\u00e9 ugrott. A harmadik negyed\u00e9v adatai alapj\u00e1n sz\u00e1mos mutat\u00f3 bizakod\u00e1sra ad okot az amerikai \u00e9s az eur\u00f3pai gazdas\u00e1g talpra &#8230;<\/p>\n","protected":false},"author":1,"featured_media":23204,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[51,7,122],"tags":[],"_links":{"self":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/23203"}],"collection":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/comments?post=23203"}],"version-history":[{"count":2,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/23203\/revisions"}],"predecessor-version":[{"id":23206,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/23203\/revisions\/23206"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media\/23204"}],"wp:attachment":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media?parent=23203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/categories?post=23203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/tags?post=23203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}