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Hungary GDP Falls 3.6 Percent In Q4, 5 Percent In Full Year

• 3 Mar 2021 7:12 AM
• Hungary Matters

Hungary’s economy shrank by an annual 3.6% in the fourth quarter of 2020, slowing from a 4.6% decline in Q3, the Central Statistical Office (KSH) said.

The drop was revised up from 3.7% in a first reading of the data released on February 16. Adjusted for seasonal and working-day effects, GDP fell by 4.1%.

For the full year, GDP dropped by 5%. In a quarter-on-quarter comparison, adjusted for seasonal and workday effects, GDP rose by 1.4%, revised up from 1.1% in the first reading.

Click here to read the full report on Central Statistical Office's website

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