The Hungarian economy remained in recession in the fourth quarter as initially estimated largely due to declines in agricultural and industrial activity, final data released by the Central Statistical Office showed Friday.
Gross domestic product was down 2.7 percent year-on-year, sharper than the 1.7 percent fall seen in the prior month. On a sequential basis, GDP dropped 0.9 percent in the fourth quarter.
The fourth quarter GDP figures matched preliminary estimate published on February 14. In 2012 as a whole, the overall economy shrank 1.7 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.