Q2 GDP Growth Makes Hungary 'Podium Finisher' in EU

Analysis

Photo by Feng Yu / Shutterstock.com

Hungary's economy expanded at one of the fastest clips in the European Union in the second quarter, Finance Minister Mihály Varga said in a post on Facebook on Thursday.

"According to the current data, the Hungarian economy is a podium finisher in the growth ranking in the EU," Varga said.

He added that Hungary's 6.5% GDP growth in Q2 was more than 50% over the EU average.

"The goal is to preserve the stability and growth of the Hungarian economy, even amid deteriorating circumstances," Varga said.

A graphic in the post shows Hungary's Q2 GDP growth, adjusted for seasonal and calendar year effects, was the third-highest in the EU, after Slovenia and Portugal.

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