Published: February 14 2023
Summary:
According to figures from the Hungarian Central Statistical Office and Eurostat, the Hungarian economy entered a technical recession in the last quarter of 2020, with the total performance of the economy decreasing by 0.4% compared to the previous three months. This placed Hungary in the second half of the list of countries with available data, and in the last third when looking at the three-month change. The weakest performance was seen in Latvia, Slovenia, Czech Republic and Finland.
Key Points:
- The Hungarian economy entered a technical recession in the last quarter of 2020
- The total performance of the economy decreased by 0.4% compared to the previous three months
- When looking at the three-month change, Hungary was in the last third of the list of countries with available data
- The weakest performance was seen in Latvia, Slovenia, Czech Republic and Finland
Source article:
Magyarország Uniós Szinten a Technikai Recesszió Állapotába Ért Tavaly Az Utolsó Negyedévben https://24.hu/fn/gazdasag/2023/02/14/gdp-novekedes-gazdasagi-novekedes-eu-eurostat-recesszio-gazdasagi-teljesitmeny/
This summary was created using AI, so there may be some inaccuracies. Always check the original linked article to be sure.
