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.
Related news
Related news
In Austria, inflation slowed down in June
In accordance with the preliminary estimate, the annual growth of…
Read more >In June, the annual decline in producer prices slowed down in Germany
In Germany, producer prices fell by 1.6 percent year-on-year in…
Read more >A Hungarian-Serbian border project to help the supply of specialists in the food industry has been launched
With EU support, a Hungarian-Serbian border project supporting the supply…
Read more >