Hungary Records: Third Straight Quarter of Growth

Industry Week said, after emerging from recession in early 2013, Hungary posted its third succesive quarter of economic growth on this week.

Gross domestic product (GDP) grew 0.8% in the third quarter versus the second, when the economy grew 0.4%, mirroring a modest recovery in other central and eastern European emerging economies.

Industrie Week said, the official data on Thursday said that on an annual basis gross domestic product rose by 1.7% year-on-year, the second annual increase in a row after five quarters of contraction during the EU member’s second recession in four years in 2012. Hungary is not a member of the eurozone.