• Rajan Doering

Hungary reports decline in GDP for second quarter

Hungary’s GDP decreased by 13.6% in the second quarter, almost entirely due to the coronavirus. The industrial sector declined by 20.1%, the construction sector declined by 13.2%, the services sector declined by 12.2%, and the public administration, education, health-care, and social services sector declined by 13.2%. It is projected that the recovery will happen faster than the decline.

Link: http://hungarymatters.hu/2020/09/02/hungary-q2-gdp-nosedives-13-6/

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