Low Base and Pre-Election Handouts Lift Hungary's GDP Growth by 8.2% y/y in Q1

2022. május 18.

bne IntellliNews

Hungary's GDP grew 8.2% y/y in the first quarter, spurred by carry-over effects, the strong performance of the retail and industrial sectors and the low base due to COVID-19 restrictions in March 2021, a preliminary reading by the Central Statistics Office (KSH) shows. The calendar-adjusted 8% growth and quarterly expansion of 2.1% also beat expectations.