Hungary Likely Exited Recession as Eastern EU Economies Struggle
- Hungary seen exiting its longest recession since 2009
- Poland expected to contract as inflation curbs domestic demand
Hungary’s economy grew 0.2% from April to June compared with the previous three months.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Hungary probably exited its longest recession since the 2008 global financial crisis last quarter, even as the war in Ukraine continues to undermine economic growth across the European Union’s eastern wing.
Hungary’s economy grew 0.2% from April to June compared with the previous three months, according to a Bloomberg survey of economists ahead of data scheduled for release on Wednesday, the first such expansion since the second quarter of last year. It shrank 1.4% on an annual basis.