The economy grew by four percent last year

Hungary’s gross domestic product (GDP) increased by 4.0 percent in 2017 after the 2.2 percent of the previous year. The calendar-effect adjusted data doubled from 2.1 percent to 4.2 percent.

In the fourth quarter of last year, economic growth was 4.4 percent after the 3.9 percent of the previous quarter, while the calendar-effect adjusted data improved from 4.1 percent to 4.8 percent. The so-called seasonal and calendar effects and other extraordinary factor adjusted and balanced growth was 4.9 percent – according to the second estimate of the Central Statistical Office (KSH) published on Tuesday. (MTI)