TITLE

Solid, if unspectacular, progress

PUB. DATE
March 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Mar2005, Vol. 12 Issue 3, p1
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article reports that a recovery in agricultural output helped the Hungarian economy to expand by 4.1% year-on-year (y-o-y) in the January-September 2004 period. The Hungarian authorities recognize that the prospects for stable economic expansion rest upon the medium-term performance of the external sector. Given the slow and uncertain progress of recovery in Western Europe, it is believed that Hungarian exporters will increasingly need to look to key non-EU markets, including Russia, China and India, to support GDP growth. The Central Statistics Office (KSH) has announced that national production rose by 3.7% y-o-y in the third quarter of 2004, greatly assisted by a recovery in the contribution of agriculture to economic output.
ACCESSION #
16590035

 

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