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.
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Photo: Daily News Hungary