Recession is over – The Budapest Times

The volume of Hungary’s gross domestic product was 0.4% higher according to raw data and 0.2% higher according to seasonally and calendar adjusted and reconciled data in the 4th quarter of 2024 than in the corresponding period of the previous year. Compared to the previous quarter, the economic performance grew by 0.5% according to seasonally and calendar adjusted and reconciled data, and the technical recession ended. In 2024, the performance of the economy was 0.5% higher according to raw data and 0.6% higher according to seasonally and calendar adjusted and reconciled data than in the previous year.

The contributor to the growth in the volume of gross domestic product compared to the same period of the previous year was the total performance of services. The decrease in the performance of agriculture, industry and construction slowed the growth.