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Hungary's Economy Unexpectedly Shrinks on Industry Output Slump

Hungary's Economy Unexpectedly Shrinks on Industry Output Slump

Bloomberg30-04-2025
Hungary's economy unexpectedly contracted in the first quarter due to an industry slump, highlighting the country's trade exposure even before US President Donald Trump embarked on a global tariff war.
Gross domestic product dropped 0.2% from the fourth quarter of last year and was flat on an annual basis, the Budapest-based statistics office said on Wednesday. The median estimate in a Bloomberg survey was for 0.4% growth for both quarterly and annual GDP.
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