{"id":4371,"date":"2021-08-17T09:10:32","date_gmt":"2021-08-17T09:10:32","guid":{"rendered":"https:\/\/www.hepaoffice.com.tr\/?p=4371"},"modified":"2021-08-26T09:11:02","modified_gmt":"2021-08-26T09:11:02","slug":"never-before-seen-growth-in-hungarian-economy-gdp-up-almost-18-in-q2","status":"publish","type":"post","link":"https:\/\/www.hepaoffice.com.tr\/en\/news\/never-before-seen-growth-in-hungarian-economy-gdp-up-almost-18-in-q2\/","title":{"rendered":"Never Before Seen Growth in Hungarian Economy: GDP Up Almost 18% in Q2"},"content":{"rendered":"

[vc_row][vc_column][vc_custom_heading text=”Never Before Seen Growth in Hungarian Economy: GDP Up Almost 18% in Q2″ font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_empty_space height=”22px”][vc_column_text]Hungary\u2019s second-quarter GDP grew by an annual 17.9 percent after a double-digit decline in the base period, a first reading of data released by the Central Statistical Office (KSH) on Tuesday shows.<\/p>\n

Adjusted for seasonal and calendar year effects, GDP climbed by 17.7 percent.<\/p>\n

A year ago, Hungary\u2019s GDP fell by an annual 13.6% in the second quarter, impacted by the coronavirus crisis.<\/p>\n

In a quarter-on-quarter comparison, GDP rose by a seasonally- and calendar year-adjusted 2.7 percent.<\/p>\n

KSH noted that unadjusted GDP was 2.2 percent higher than in Q2 2019, before the start of the pandemic.<\/p>\n

First-half GDP was up by 7.6 percent year on year.[\/vc_column_text][vc_column_text]Finance Minister: Hungary recovery among fastest in EU<\/strong>[\/vc_column_text][vc_column_text]Finance Minister Mih\u00e1ly Varga said in a message posted on Facebook that the fresh data show the economic recovery in Hungary is moving forward at a pace that is \u201camong the fastest in the European Union\u201d.<\/p>\n

He said the structure of growth is \u201chealthy\u201d and extends to \u201ca broad range of economic sectors\u201d. Pandemic-related government measures to aid the recovery could contribute 8.4 percentage points to economic growth this year, he said.<\/p>\n

\u201cNow the goal is to preserve the [growth] advantage the Hungarian economy enjoys compared to the European Union. That\u2019s why we\u2019re continuing an economic policy based on tax cuts, workplace creation, investment incentives and family support,\u201d he added.[\/vc_column_text][vc_column_text]Kaynak:<\/strong> Hungarytoday.hu<\/a>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Hungary\u2019s second-quarter GDP grew by an annual 17.9 percent after a double-digit decline in the base period, a first reading of data released by the Central Statistical Office (KSH) on Tuesday shows.<\/p>\n","protected":false},"author":3,"featured_media":4361,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"h5ap_radio_sources":[],"footnotes":""},"categories":[37],"tags":[],"class_list":["post-4371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-37","description-off"],"yoast_head":"\nNever Before Seen Growth in Hungarian Economy: GDP Up Almost 18% in Q2 - HEPA Office T\u00fcrkiye<\/title>\n<meta name=\"description\" content=\"Hungary\u2019s second-quarter GDP grew by an annual 17.9 percent after a double-digit decline in the base period, a first reading of data released by the Central Statistical Office (KSH) on Tuesday shows.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hepaoffice.com.tr\/en\/news\/never-before-seen-growth-in-hungarian-economy-gdp-up-almost-18-in-q2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Never Before Seen Growth in Hungarian Economy: GDP Up Almost 18% in Q2 - 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