Hungary: Growth Data Shows a Torn Economy

2021. március 02.

ING Think

Hungary's Statistical Office has made a big change to the GDP growth profile, pencilling in a 1.4% quarter-on-quarter figure in the last three months of 2020, but tough times are ahead.

The 2020 GDP profile was changed significantly by the Hungarian Central Statistical Office (HCSO), adjusting the record high quarter-on-quarter growth figure in the third quarter lower (11%), while moving the fourth quarter figure higher to 1.4%.