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It wasn't Romania that left us the most in recent years | G7

It wasn't Romania that left us the most in recent years | G7

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.

Related ArticleRelated ArticleThe European economy is so weak that Hungarian growth could also enter the top ranks.Hungary's weak second-quarter GDP data also surprised analysts, with only two EU member states performing worse than the previous quarter.

Related ArticleRelated ArticleThe government's optimism has been cut in half, leaving only self-aggrandizement.The government's forecast for economic growth this year has been cut in half. However, according to Marton Nagy's ministry, economic policy is still working.

See also  The past twelve years have been a real success story for the business services sector

Related ArticleRelated ArticleHuge investments do not help the Hungarian economyInvestment has fallen more than it did during the pandemic lockdowns, and there is no sign of car and battery factories under construction either.


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