Real GDP growth in Hungary 2020-2021, by scenario

Published by Flora Medve, Apr 14, 2022
Under the double-hit scenario, considering that there would be a second COVID-19 outbreak at the end of 2020, Hungary's GDP was forecast to fall by 10 percent year-on-year. In this case, the country's GDP growth for 2021 was estimated to reach 1.5 percent.

Forecast real gross domestic product (GDP) growth rate due to the coronavirus (COVID-19) in Hungary in 2020 and 2021, by scenario

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Source

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Release date

November 2020

Region

Hungary

Survey time period

June 2020

Supplementary notes

* The source specified the following information:
"Given the unusual level of uncertainty caused by the Covid-19 pandemic, the Economic Outlook presents two scenarios for each country and economy – one scenario in which a second outbreak occurs in most economies towards the end of this year (double-hit scenario) and an alternative scenario where the second outbreak is avoided (single-hit scenario)."

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