Q2 GDP Growth Makes Hungary 'Podium Finisher' in EU

Analysis

Photo by Feng Yu / Shutterstock.com

Hungary's economy expanded at one of the fastest clips in the European Union in the second quarter, Finance Minister Mihály Varga said in a post on Facebook on Thursday.

"According to the current data, the Hungarian economy is a podium finisher in the growth ranking in the EU," Varga said.

He added that Hungary's 6.5% GDP growth in Q2 was more than 50% over the EU average.

"The goal is to preserve the stability and growth of the Hungarian economy, even amid deteriorating circumstances," Varga said.

A graphic in the post shows Hungary's Q2 GDP growth, adjusted for seasonal and calendar year effects, was the third-highest in the EU, after Slovenia and Portugal.

ADVERTISEMENT

Masterplast Signs Option to Purchase T-Cell Plasztik Analysis

Masterplast Signs Option to Purchase T-Cell Plasztik

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.