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May 2025

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Hungary's GDP Contracts as Industrial Slump Outweighs Services Growth

D&T
May 2, 2025

Hungary's economy unexpectedly shrank in the first quarter as industrial weakness offset service sector gains, highlighting vulnerabilities in the export-dependent nation. Gross domestic product fell 0.2% from the previous quarter and remained flat year-on-year, the Budapest-based statistics office reported. The figures fell short of economists' expectations, with Bloomberg's survey having projected 0.4% growth for both […]

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