Economy Grows 1.5% Year-on-Year, but Barely Expands From Previous Quarter
12 Articles
12 Articles
Instead of recovery, recent economic data show a state of near stagnation, and banking analysts were also disappointed by the performance of the third quarter.
Economy grows 1.5% year-on-year, but barely expands from previous quarter
The volume of Hungary’s gross domestic product was 1.5% higher according to both raw data and seasonally and calendar adjusted and reconciled data in the 3rd quarter of 2026 than in the corresponding period of the previous year.
There was a market analyst who didn't think it was inconceivable that the Hungarian economy would stagnate on a quarterly basis. And that's exactly what happened.
The Hungarian economy performed more modestly in the third quarter than analysts had expected, with GDP growing by just 0.1 percent, according to data released by the Central Statistical Office (KSH) on Friday. On an annual basis, growth was 1.5 percent, which also fell short of expectations. The details are not yet known, but it is almost certain that agriculture was the main drag on the economy's performance.
According to the first estimate of the Central Statistical Office, Hungarian GDP grew by 1.5 percent year-on-year in the third quarter, and by only 0.1 percent quarter-on-quarter. The result fell short of analysts’ expectations. The post Hungarian economy slowed, GDP data disappointed first appeared on 24.hu.
According to newly published data from the Central Statistical Office (KSH), GDP grew by just 1.5 percent year-on-year in the third quarter, the three months between July and September, and by just 0.1 percent quarter-on-quarter. Both indicators fell short of analysts' expectations and represent the weakest growth performance so far this year.
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