Economy Expands 6.5% in Hungary During Q2
- 5 Sep 2022 7:48 AM
- Hungary Matters

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%.
Economic growth may slow to 1.5% this year, but Hungary can avoid recession, and GDP might jump as high as 4% in 2024, the economy development minister told the weekly Mandiner.
The Hungarian government is determined to avoid a recession this year, and its goal is to secure growth of 1.5% this year following a 4.5% growth in 2022, notwithstanding the mounting economic challenges, Márton Nagy, the minister of economic development said on Tuesday, opening a business lunch of the Hungarian-French Chamber of Commerce and Industry.
Hungary’s cash flow-based budget, excluding local councils, posted a 4,753.4 billion forint (EUR 12.1bn) deficit in 2022, the finance ministry confirmed in a detailed release of data.
As year-on-year inflation breaks another record, economists wonder if rapidly rising prices have any potential benefit.
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