Low Base and Agriculture Lift Hungary Out of Technical Recession in Q3

2023. december 05.

bne IntelliNews

Hungary’s economy grew 0.9% quarter-on-quarter in the third quarter, after four consecutive months of contraction, the Central Statistics Office (KSH) confirmed in a second reading on December 1.

Output declined by 0.4% (chart) on an annual basis in the July-September period and by 0.3% when adjusted to calendar effects and by 1.2% in the first nine months, at the same clip as in the preliminary reading. The figures were in line with expectations.


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