Economic performance grows by 1.1% in Hungary
Compared to the previous quarter, the economic performance increased by 1.1% according to seasonally and calendar adjusted and reconciled data. In 2020, the volume of GDP was 5.1% lower than in the previous year.
The ’annualised index’, published for a long time in U.S. dissemination practice and built on dynamics projected for the future, indicates a 4.5% growth for the 4th quarter.
The annualised index shows the extent of annual change, supposing that the volume change in the current quarter – compared to the previous quarter – continued for four quarters. ■