It is a meager success that the GDP GDP (GDP) has moved from the last shameful European Union: 2024. III. Compared to the quarter, the index now indicates an increase of 0.5 percent, which is equivalent to the midfield among 21 member countries on the Eurostat page until our article is written.
However, the image is far from being very possible, as the gross domestic product increased by only 0.2 percent compared to the last quarter of 2023, which is the fourth worst data – worse than German and Austrian (minus 0.2 per cent) and Latvia (worse) minus 0.1 Percent) Economy.
The optimism of the government of the government “of course” is not polarized, the Ministry of National Economy led by Martin's Great communication Already in the title of a million times in the title “Now it's truly a turn.” and “Grand growth path” It contains his promise. Of course, after a decrease of 2023 by 0.7 % and the modest increase by 0.6 percent in 2024, there is no need for more courage, but remember: the cabinet is 4.1 % last year and 4 percent last year -expected to increase.
By preparing the budget, growth was planned by 3.4 percent by 2025, although the Márton Nagy advertisement is now more cautious. He writes, “The economy has become an increasing growth this year, and in the second half of 2025, we can see an increase of more than 3 percent.”
Photo: Mti / Tamás Purger
Now, let's see how Hungary's economy was performing in the European Union in the past three months last year!
Christmas also did not help
At the time of writing this article, 22 European Union member states have provided statements on economic performance in the fourth quarter of 2024. Missing this time Greece, Croatia, Latvia, Luxembourg and Malta. As we mentioned earlier, the quarterly increase by 0.5 percent is sufficient for the tenth position, so we are in the midfield. Competition is very narrow, perhaps Denmark 1.6 percent, Portugal 1.5 percent, and Poland by 1.3 percent, while 1.3 percent decreased. The rest is classified between 0.2 and 0.9 percent, with an average of 0.2 percent. That is, most of the European Union farms did not help in regular demand for Christmas.
From our V4 counterparts, the Slovac and Czech Republic achieved the same amount of 0.5 percent, while the Polish economy increased by 1.3 percent. Among the aforementioned “reference countries”, the GDP of “Romania” grew by 0.8 percent, while the economy of Austria, which intended to catch up by 2030, stagnated in the last quarter of last year.
Among the two largest economies in the European Union, Germany has shrunk 0.2 percent and France by 0.1 percent.
Danish withdrawn
Comparing the data to the last quarter of 2023, the Hungarian economy's performance is still frustrated. Based on data 22 so far, the weakest is the weakest is the weakest of 0.2 percent in one year as a “positive zero”. Meanwhile, the European Union's economy is on average 2024 fourth. In a quarter, it increased by 1.1 percent compared to the same period last year.
The large economic mutations were measured in Denmark (4.1 percent), Poland (3.7 percent), Lithuania (3.6 percent), Spain (3.5 percent) and Bulgaria (3.1 percent). At the end of the line, the German and Austrian economies Kullgog with a stagnation of 0.2-0.2 percent, but the Estonian economy also reduces 0.1 percent compared to the last quarter of 2023.
Among the V4 countries, the Polish expansion has already been mentioned by 3.1 percent, with a 1.7 percent increase in Slovakia and 1.6 percent in the Czech Republic. In addition to the Austrian shrinkage by 0.2 percent, there was an increase of the European Union average in Romania, but above the Hungarian “positive zero”.
In addition to the already of the Germans' contraction by 0.2 percent, the other main economy, the French, increased by 0.7 percent compared to the last quarter of 2023.
Although Márton Nagy wants it, but we still have to wait for the rotation
A quarter of a year ago, the “slight growth” we expected on a quarterly basis. However, this amount of 0.5 percent has proven to be low in fulfilling government expectations from 4 percent to 0.8 per cent for the whole year, as we said, the increase was 0.6 per cent to 2024 as a whole.
Expectations are not very good for the first quarter of this year. Our main partner in foreign trade, Germany, remains in a stagnation, and Hunger inflation data in January was January worse than expected. As a result, the central bank is less likely to reduce interest and will be the higher interest rate environment in the brakes. Until now we expect modest growth in the first quarter of 2025, with a practical annual comparison stagnation.
