In the field of the European Union Hungary's Q2 growth data is weak compared to Q1, but stronger compared to Q2 last year – our Based on the latest Eurostat data, however, it is worth looking at the longer-term performance of the Hungarian economy a little further.
- In the five years before 2020 (Between 2015 and 2019) The Hungarian economy grew by 4.1 percent annually, more than double the eurozone average and slightly above the average growth of the four Visegrád countries.
- In the five years of 2020 (Between 2020 and 2024), average Hungarian growth will be less than half the average of the previous period (1.7 percent), if we take the European Commission's (optimistic) forecast for this year as a guide.
- Eurozone average It will exceed, but not double, and this performance will be exactly the same as the V4 average.
- Romanian and Polish The Hungarians performed stronger in both periods while the Slovaks were weaker. The most noticeable change was the suffocation of the Czech economy.
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