{"id":98637,"date":"2017-10-10T14:53:42","date_gmt":"2017-10-10T12:53:42","guid":{"rendered":"http:\/\/gazdasagportal.hu\/?p=98637"},"modified":"2017-10-10T14:53:42","modified_gmt":"2017-10-10T12:53:42","slug":"penzugykutato-zrt-mankokkal-tamogatott-a-magyar-gazdasag-lendulete","status":"publish","type":"post","link":"https:\/\/gazdasagportal.hu\/index.php\/penzugykutato-zrt-mankokkal-tamogatott-a-magyar-gazdasag-lendulete\/","title":{"rendered":"P\u00e9nz\u00fcgykutat\u00f3 Zrt.: mank\u00f3kkal t\u00e1mogatott a magyar gazdas\u00e1g lend\u00fclete"},"content":{"rendered":"<p><strong>A tavalyi gyeng\u00e9lked\u00e9st k\u00f6vet\u0151en lend\u00fcletbe j\u00f6tt a magyar gazdas\u00e1g: id\u00e9n \u00e9s j\u00f6v\u0151re is 3,8 sz\u00e1zal\u00e9k k\u00f6r\u00fcli n\u00f6veked\u00e9s v\u00e1rhat\u00f3 &#8211; hangzott el a P\u00e9nz\u00fcgykutat\u00f3 Zrt. sajt\u00f3t\u00e1j\u00e9koztat\u00f3j\u00e1n. V\u00e9lem\u00e9ny\u00fck szerint ez a n\u00f6veked\u00e9s azonban nem tekinthet\u0151 stabilnak.<\/strong><!--more--><\/p>\n<div class=\"ads-in-post1\"><div id=\"gazdasagportal.hu_fullbanner_wideboard\"><\/div>\r\n<\/div>\n<p>A vil\u00e1ggazdas\u00e1gi konjunkt\u00fara mellett &#8222;mank\u00f3k\u00e9nt&#8221; szolg\u00e1lja a fellend\u00fcl\u00e9st az uni\u00f3s p\u00e9nzforr\u00e1sok gyors\u00edtott felhaszn\u00e1l\u00e1sa, a j\u00f6v\u0151 \u00e9vi v\u00e1laszt\u00e1sokra tekintettel is fellaz\u00edtott k\u00f6lts\u00e9gvet\u00e9si \u00e9s j\u00f6vedelempolitika, valamint a gazdas\u00e1g\u00e9l\u00e9nk\u00edt\u0151 monet\u00e1ris politika. Az alacsony b\u00e1zison 2017-ben megugrottak (26 sz\u00e1zal\u00e9kkal b\u0151v\u00fcltek) a beruh\u00e1z\u00e1sok, a fogyaszt\u00e1st pedig a munkaer\u0151-hi\u00e1ny \u00e9s a kienged\u0151 j\u00f6vedelempolitika hat\u00e1s\u00e1ra 10 sz\u00e1zal\u00e9kkal emelked\u0151 re\u00e1lkeresetek t\u00e1pl\u00e1lj\u00e1k. A munkan\u00e9lk\u00fclis\u00e9gi r\u00e1ta tov\u00e1bb s\u00fcllyed, a foglalkoztat\u00e1si r\u00e1ta megk\u00f6zel\u00edti a 60 sz\u00e1zal\u00e9kot. Az \u00e9l\u00e9nk\u00fcl\u0151 kereslet feler\u0151s\u00edti az infl\u00e1ci\u00f3t, b\u00e1r a 3 sz\u00e1zal\u00e9kos c\u00e9l\u00e9rt\u00e9ket nem \u00e9ri el. A hitelez\u00e9st \u00f6szt\u00f6nz\u0151 monet\u00e1ris politika, az alacsony, esetenk\u00e9nt negat\u00edv re\u00e1lkamatok, valamint az \u00e9l\u00e9nk\u00fcl\u0151 lak\u00e1spiac megn\u00f6velte a hitelk\u00edn\u00e1latot, \u00e1m a gazdas\u00e1g szerepl\u0151it m\u00e9g \u00f3vatoss\u00e1g jellemzi: alig b\u0151v\u00fclt a lakoss\u00e1g hitel\u00e1llom\u00e1nya, \u00e9s a v\u00e1llalatok is nett\u00f3 megtakar\u00edt\u00f3i poz\u00edci\u00f3ban maradtak. A bels\u0151 kereslet hat\u00e1s\u00e1ra er\u0151s\u00f6d\u0151 import m\u00e9rs\u00e9kelte ugyan a k\u00fclkereskedelmi \u00e9s foly\u00f3 fizet\u00e9si m\u00e9rleg akt\u00edvum\u00e1t, de az uni\u00f3s transzferek n\u00f6veked\u00e9se miatt tov\u00e1bbra is jelent\u0151s marad a k\u00fcls\u0151 finansz\u00edroz\u00e1si t\u00f6bblet. A h\u00e1ztart\u00e1sok \u00e9s a c\u00e9gek megtakar\u00edt\u00e1si t\u00f6bbletei \u00edgy nem csak az \u00e1llamh\u00e1ztart\u00e1si hi\u00e1nyc\u00e9l el\u00e9r\u00e9s\u00e9t \u00e9s az \u00e1llamad\u00f3ss\u00e1g m\u00e9rs\u00e9kl\u00e9s\u00e9t seg\u00edtik, de a k\u00fclf\u00f6ldet is finansz\u00edrozz\u00e1k. <\/p>\n<div class=\"ads-in-post2\"><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>\nB\u00e1r  a  magyar  gazdas\u00e1g  bels\u0151  hajt\u00f3er\u0151i  er\u0151s\u00f6dtek,  a  k\u00fcls\u0151  f\u00fcgg\u0151s\u00e9g  tov\u00e1bbra  is jelent\u0151s. Kedvez\u0151, hogy kiegyenl\u00edtettebb\u00e9 v\u00e1lt a feldolgoz\u00f3ipar szerkezete (cs\u00f6kkent a j\u00e1rm\u0171ipar h\u00faz\u00f3 szerepe), \u00e9s az elhalasztott keresletet p\u00f3tl\u00f3 lak\u00e1sberuh\u00e1z\u00e1sok hat\u00e1s\u00e1ra is fellend\u00fcl\u0151 \u00e9p\u00edt\u0151ipar tart\u00f3s n\u00f6veked\u00e9si t\u00e9nyez\u0151 maradhat. A magyar gazdas\u00e1g n\u00f6veked\u00e9se azonban tov\u00e1bbra is er\u0151sen f\u00fcgg, az uni\u00f3s forr\u00e1sokt\u00f3l, a j\u00e1rm\u0171ipari exportt\u00f3l, a k\u00fclf\u00f6ldiek befektet\u00e9seit\u0151l (FDI) \u00e9s a k\u00fclhonban dolgoz\u00f3 magyar munkav\u00e1llal\u00f3k hazautal\u00e1sait\u00f3l. A k\u00f6lts\u00e9gvet\u00e9si \u00e9s a monet\u00e1ris \u00e9l\u00e9nk\u00edt\u00e9s \u201emank\u00f3i\u201d pedig nem haszn\u00e1lhat\u00f3k sok\u00e1ig. A j\u00f3 k\u00f6lts\u00e9gvet\u00e9si \u00e9s ad\u00f3ss\u00e1gmutat\u00f3k m\u00f6g\u00f6tt \u00e9vek \u00f3ta halmoz\u00f3d\u00f3, s\u00falyos fesz\u00fclts\u00e9gek h\u00faz\u00f3dnak meg, mivel a nagy eloszt\u00f3 rendszerek forr\u00e1shi\u00e1ny\u00e1t nem k\u00e9pes enyh\u00edteni a megn\u00f6velt kiad\u00e1sok rossz, \u00e1tgondolatlan eloszt\u00e1sa. A monet\u00e1ris laz\u00edt\u00e1snak pedig m\u00e1r k\u00f6z\u00e9pt\u00e1von g\u00e1tat szabhat a nagy jegybankok (Fed, EKB) szigor\u00edt\u00f3 politik\u00e1ja \u00e9s az \u00e9l\u00e9nkebb bels\u0151 kereslet hat\u00e1s\u00e1ra fokoz\u00f3d\u00f3 infl\u00e1ci\u00f3.<\/p>\n<p><iframe loading=\"lazy\" width=\"509\" height=\"319\" src=\"http:\/\/gazdasagtv.hu\/iframe.php?id=11362\" style=\"border: none; overflow: hidden\" scrolling=\"no\"><\/iframe><br \/>Forr\u00e1s: <a href=\"http:\/\/gazdasagtv.hu\" style=\"color: #df1100; font-weight: bold; text-decoration: none;\" target=\"_blank\" rel=\"noopener\">Gazdas\u00e1gTV.hu<\/a><\/p><div id=\"gazda-1495576087\" 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","protected":false},"excerpt":{"rendered":"<p>A tavalyi gyeng\u00e9lked\u00e9st k\u00f6vet\u0151en lend\u00fcletbe j\u00f6tt a magyar gazdas\u00e1g: id\u00e9n \u00e9s j\u00f6v\u0151re is 3,8 sz\u00e1zal\u00e9k k\u00f6r\u00fcli n\u00f6veked\u00e9s v\u00e1rhat\u00f3 &#8211; hangzott el a P\u00e9nz\u00fcgykutat\u00f3 Zrt. sajt\u00f3t\u00e1j\u00e9koztat\u00f3j\u00e1n. V\u00e9lem\u00e9ny\u00fck szerint ez a n\u00f6veked\u00e9s azonban nem tekinthet\u0151 stabilnak.<\/p>\n","protected":false},"author":1,"featured_media":94128,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[146,19],"tags":[],"_links":{"self":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/98637"}],"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=98637"}],"version-history":[{"count":1,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/98637\/revisions"}],"predecessor-version":[{"id":98638,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/98637\/revisions\/98638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media\/94128"}],"wp:attachment":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media?parent=98637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/categories?post=98637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/tags?post=98637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}