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Hungary: Hope for Soon Economic Recovery Vanishes

Published: February 19, 2013; 18:22 · (Vindobona)

In the last quarter of 2012, Hungary´s GDP was down by 2.7% compared to the reference period of 2011.

Hungary: Hope for Soon Economic Recovery Vanishes / Picture: © Flickr

In total, Hungary´s GDP shrank by 1.7% last year. Above all, the industrial production, the construction output and the agricultural producer fell dramatically. However, Hungary´s Minister of Economics György Matolcsy is optimistic that the Hungarian economy will reach the turnaround this year. Matolcsy hopes that the German car manufacturers will boost Hungary´s exports. Moreover,…

This article includes a total of 211 words.

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