Excellent GDP growth figure for Q1

HUNGARY - In Brief 17 May 2022 by Istvan Racz
GDP grew by 2.1% qoq, 8.0% yoy on seasonally adjusted basis in Q1. These numbers are preliminary, no breakdown is available at this stage.As we have said a few times previously, there is currently little problem about growth. There is is much more trouble with equilibrium, including the budget, inflation and the net external financing requirement. Given the latter, growth must have been driven predominantly by domestic demand early this year.Paradoxically perhaps, this excellent growth result will not help PM Orbán in convincing the EU that an oil imports embargo against Russia would destroy Hungary from the economic point of view.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.