The Hungarian economy is slowing down

After the summer boom, the recovery of the Hungarian economy seems to have stalled in September. Although industrial production was still favorable, retail sales had already fallen. While exports increased in line with the industry’s favorable performance, imports declined due to weakening domestic demand. Restrictions due to the coronavirus epidemic hit tourism immediately in September, and the epidemic will have a negative impact on an ever-widening economy in the coming months. The bad news is that unemployment has started to rise and employment has fallen. There isn’t much trouble yet, but the coming months could bring a very significant downsizing.