Hungary Q3 GDP contracts by 4.6 pc
Hungary's economy shrank by 4.6 percent in the third quarter, according to a second reading of data released by the Central Statistical Office (KSH) on Tuesday.
Employment down by 0.8 pc in Aug-Oct
The three-month rolling employment figure in August-October was down 0.8 percent at 4,482,000 from the same period a year earlier, the Central Statistical Office (KSH) said on Friday.
Analysts: Post-pandemic growth could boost Hungary development
Hungary could approach the level of development in western Europe by 2030 if GDP growth returns to an annual 4 percent after the coronavirus crisis, the Hungarian office of US consultancy firm McKinsey has said.
Investment volume falls by 12 percent in Q3
Investment volume in Hungary fell by an annual 12.0 percent in the third quarter of 2020, the Central Statistical Office (KSH) said on Thursday.
Visegrad Group could power ahead with green policies
Visegrad Group countries could use green policies to multiply the effects of measures taken to restart their economies after the coronavirus pandemic is over, and Hungary could be a winner in the region, a fresh study published on Thursday said.
Pandemic spending lifts public debt to 73.8 percent of GDP
Government spending on coronavirus measures, among other expenditures, lifted Hungary's public debt to 73.8 percent of GDP at the end of the third quarter, up from 70.3 percent at end-Q2, the National Bank of Hungary (NBH) said on Tuesday.
Hungary Q3 GDP up 11.3 pc from previous quarter, down 4.6 pc yr/yr
Hungary's economy shrank by 4.6 percent in the third quarter, according unadjusted data, the Central Statistical Office (KSH) said. GDP fell by 4.7 percent in Q3 based on seasonally and calendar-adjusted data.
Inflation eases to 3 percent yr/yr in October
Consumer prices in Hungary rose by an annual 3.0 percent in October, level with the medium-term target of the National Bank of Hungary (NBH), the Central Statistical Office (KSH) said on Tuesday.
Budget deficit reaches HUF 2,604 bn at the end of October
Hungary's budget deficit, excluding local councils, reached 2,604.2 billion forints (EUR 7.2bn) at the end of October, the finance ministry said in a preliminary release of data on Monday.
Economy to contract 6.5 percent in 2020
The European Commission published its autumn economic forecast on Thursday, projecting Hungarian GDP would fall by 6.5 percent this year. The projection is an improvement from a 7.0 percent decline in a forecast published in July.
