Hungary´s Recession Goes On

BusinessEconomy ♦ Published: November 15, 2012; 19:39 ♦ (Vindobona)

In the third quarter of 2012, Hungary´s GDP was down by 1.5%.

Hungary´s Recession Goes On / Picture: © Vindobona.org

On the basis of the preliminary estimation of HCSO the gross domestic product of Hungary decreased by 1.5% in the third quarter of 2012 compared to the corresponding period of the previous year. Stagnation was recorded in about half of the industries of the national economy. The performance of information and communication, accommodation and food service activities and…