Service Sector and Public Spending Save Hungary’s Q3 GDP

2021. december 02.

bne IntelliNews

Hungary’s Q3 GDP grew 0.7% on a quarterly basis and by 6.1% in annual terms, decelerating from 2.7% and 17.8% in Q2 respectively, statistics office KSH reported, confirming the preliminary data in a second reading on December 1. Both figures were well below estimates. Detailed data revealed weaknesses in the growth structure, which pose risks for the year ahead according to analysts.