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Hungary: GDP up 4.5% in 4th quarter

In 2019 +4.9%, but slowdown expected in 2020

14 February, 12:05
(ANSA) - BELGRADE, 14 FEB - The gross domestic product in Hungary was up by 4.5% according to raw data in the fourth quarter of 2019, compared to the same period of 2018, the Hungarian Central Statistical Office (KSH) said in a flash estimate today. Market-based services contributed to the growth in more significant terms, while industry and construction to a lesser extent, the KSH noted. In 2019, GDP in Hungary rose by 4.9% compared to a year earlier, the statistical office added. In 2020, the Hungarian economy is expected to slow down, with domestic consumption remaining strong, but growth of investments is to be lower, Erste Group Research said today. Erste forecasted that the economy in Hungary is set to grow by 3.6% in 2020. (ANSA).

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