Hungary’s [economy][1] contracted at a slower pace in the fourth quarter, the Hungarian Central Statistical Office reported Tuesday.
Gross domestic product fell by an adjusted 4.3 percent year-on-year, slower than the 4.8 percent decline posted a quarter ago.
On an unadjusted basis, GDP dropped 3.7 percent annually versus a 4.6 percent decrease in the preceding period. Moreover, this was slower than the expected fall of 6 percent.
Quarter-on-quarter, the economy expanded for the second straight time in the fourth quarter. Nonetheless, the growth eased to 1.1 percent from 11.4 percent in the third quarter.
In 2020, GDP decreased 5.1 percent from the previous year.
For comments and feedback contact: editorial@rttnews.com
[Economic News][1]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][2] to check out our [Econ Scorecard][2] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][3], [unemployment rate][4], [inflation][5] and much more.
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx