Surprise: growth in the Hungarian economy is lower than expected.
In the second quarter, the Hungarian economy’s performance exceeded the previous quarter by 0.4%. The consensus forecast among analysts was a 0.7% increase, meaning that GDP growth fell short of expectations. However, the magnitude of the surprise was not significant, as the Hungarian economy remained on a growth trajectory, although the momentum is currently not very strong.
In the second quarter, the Hungarian economy grew by 0.4%, exceeding the previous quarter’s growth of 0.7%. This was below the consensus forecast of 0.7% growth. However, the magnitude of the surprise was not significant, as the Hungarian economy continued to grow, although the pace was still relatively slow.
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