GDP Dives 1.2% In Q2 In Hungary

  • 16 Aug 2012 8:00 AM
GDP Dives 1.2% In Q2 In Hungary
GDP decreased 1.2% year-on-year in the second quarter, according to both workday ad-justed and unadjusted figures, the Central Statistics Office announced in its first esti-mate on Tuesday. GDP dropped by 0.2% from the first to the second quarter.

Detailed figures will be announced only in early September.

The Hungarian economy is in recession, as its GDP has fallen in two consecutive quarters.

There is stagflation, where high inflation is paired with recession, Népszabadság points out.

Source: Hungary Around the Clock

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