The Hungarian economy in trouble? – investment volume declines 9.9 pc in Q2
Investment volume in Hungary contracted by an annual 9.9 percent in the second quarter, data released by the Central Statistical Office (KSH) on Monday show.
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In absolute terms, investment volume came to 2,298.4 billion forints (EUR 6.4bn). Private sector investments dropped by 12.1 percent to 1,317.3 billion forints, while public sector investments dropped by 19.1 percent to 309.2 billion.
KSH attributed the decline in public sector investments to a slowdown in European Union-funded projects, while corporate investments were impacted by the unfavourable economic environment due to the pandemic.
KSH attributed the decline in public sector investments to a slowdown in European Union-funded projects, while corporate investments were impacted by the unfavourable economic environment due to the pandemic.
Source: MTI
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