Economy Expands 6.5% in Hungary During Q2
- 5 Sep 2022 7:48 AM
- Hungary Matters
![Economy Expands 6.5% in Hungary During Q2 Economy Expands 6.5% in Hungary During Q2](/binaries/content/gallery/2019-photos/finance/08/gdp-1.jpg/gdp-1.jpg/xpatloop%3Achannelslarge)
Adjusted for seasonal and calendar-year effects, second-quarter GDP rose also by an annual 6.5%. In a quarter-on-quarter comparison, adjusted GDP rose by 1.0%.
Adjusted for seasonal and calendar-year effects, second-quarter GDP rose also by an annual 6.5%. In a quarter-on-quarter comparison, adjusted GDP rose by 1.0%.
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Hungarian central bank (NBH) rate-setters cut the base rate by 25 basis points to 6.75%, while lowering both ends of the interest rate corridor to the same extent, at a regular policy meeting.
In spite of unfavourable external factors resulting from the war, Hungary’s economy has returned to a growth path, the finance ministry said.
A 49 billion forint surplus (EUR 120m) for May brought Hungary’s cash flow-based general government deficit to 2,548.5 billion forints at the end of the month, the finance ministry said in a preliminary release of data.
Hungary’s government projects an economic growth rate of 2.5% for this year and 4.1% in 2025, a state secretary of the finance ministry said.
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