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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: © Vindobona.org
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…
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