Hungary Faces Recession Again

Politics ♦ Published: August 16, 2012; 18:48 ♦ (Vindobona)

In the second quarter of 2012, Hungary´s GDP was dwon by 0.2%. The decrease in exports is the main reason.

Hungary Faces Recession Again / Picture: ©

After two quarters of negative economic growth, Hungary is in a recession again. In the first three months, economic growth reached 1.0%. From April to June, economic growth came at -0.2%.

For the Hungarian Ministry of Economics, these data are no surprise. The main factor is the weak development of exports.

This year, the Hungarian government expects a budget deficit of…