Hungary’s Economy Pulls Off Robust Growth in Q2, But Outlook Clouded

2022. augusztus 18.

bne IntelliNews

Hungary’s economy expanded 6.5% y/y in Q2 (chart) according to both adjusted and raw data, slowing down from 8.2% in the previous quarter, well above the EU average and beating analysts’ expectations, the Central Statistics Office (KSH) said in a first reading on August 17. Higher wages and pre-election fiscal transfers boosted domestic consumption and supported the performance of market services, jumping from a low base.