Economy To Contract By 6.4%

May 2009
Emerging Europe Monitor: Central Europe & Baltic States;May2009, Vol. 16 Issue 5, p1
Country Report
The article considers the possible contraction of the Hungarian economy by 6.4 percent in real terms in 2009. According to final national accounts data, the country's gross domestic product (GDP) contracted by 2.3 percent in real annualised terms in the fourth quarter of 2008. The expected 6.4 percent contraction of the economy will represent the worst annual economic performance since 1991.


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