Hungary and Germany are among the biggest losers

According to the study of German Deka Bank, comparing 31 developed and determined country; Hungary and Germany are among the biggest losers of the economic crisis in Europe.

The experts of the bank compared the strongest economic growth in a quarter the outbreak of the crisis and the weakest quarterly post-crisis economic performance of the countries.
Hungary has a backdrop with a 7.6 percent decline in the gross domestic product (GDP).  Germany has a 6.9 percent decline in front of Finland’s 6.8 percent.
The worst on the list of Deka Bank is Turkey with a 14.2 percent downturn, follwed by Russia (11 percent), Singapore (9.9 percent), Mexico (8.8 percent) and Japan (8.3 percent) – reports Piac & Profit.