German and French economies are growing, while Hungarian GDP falls
According to Frankfurter Allgemeine Zeitung referring to the Federal Statistical Office the worst recession in German history has ended.
In the second quarter of this year, the German economy increased by 0.3 percent compared to the previous quarter. According to BBC just a few analysts expected that the German economy returns to growth so quickly.
The French economy also achieved a 0.3 percent increase in the second quarter of this year. According to Christine Lagarde, Minister of Economy and Finance; consumption and strong exports helped in the recovery.
In the second quarter of 2009 Hungarian gross domestic product decreased by 7.6 percent, taking into account the calendar effects by 7.5 percent – reports Világgazdaság Online.
Related news
Related news
KSH: in April, retail turnover exceeded the same period of the previous year by 5.0 percent and the previous month by 2.0 percent
In April 2025, the volume of retail trade turnover increased…
Read more >FAO food price index fell in May
The benchmark global food price index fell in May from…
Read more >Eurozone retail sales rise in April
Retail sales in the eurozone and the European Union increased…
Read more >