EC Sees Hungary Economy Contracting 7% In 2020

2020. május 07.

Hungary Matters

The European Commission forecasts a 7% slump in Hungary’s economy this year followed by a 6% rebound in 2021. The novel coronavirus pandemic hit Hungary after years of above-average growth, the EC’s spring report released on Wednesday notes. Although the virus has spread only to a limited extent in Hungary, this year’s economic performance would depend on domestic economic policy decisions, the EC said. More...