BUDAPEST, July 30 (Xinhua) - Hungary's gross domestic product (GDP) grew by 0.2 percent year-on-year in the second quarter of 2025, according to seasonally and calendar-adjusted data released by the Hungarian Central Statistical Office (KSH) on Tuesday.
On a quarterly basis, GDP expanded by 0.4 percent compared to the first quarter, signaling a modest but positive shift in economic momentum. Despite this improvement, KSH noted that in the first half of the year, the economy stagnated in raw terms and contracted by 0.1 percent when adjusted for seasonal and calendar effects.
The Ministry for National Economy attributed the second-quarter growth to strengthening domestic consumption and a recovery in investment activity. It also highlighted the role of government measures-including tax cuts, sectoral wage increases, and expanded family support programs-in bolstering household spending.
Although external headwinds-particularly weak demand from Germany and drought-impacted agricultural output-dampened growth, the ministry said that resilient sectors such as tourism and retail helped sustain economic activity.
According to Portfolio, a leading Hungarian financial news portal, the 0.4 percent quarterly growth allowed Hungary to narrowly avoid a technical recession. Analysts had forecast a more modest quarterly increase of 0.2 percent. Enditem
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