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HUNGARY: GDP Growth Confirmed at -0.2% QoQ in Q2

HUNGARY
  • The final reading of Q2 GDP showed growth fell 0.2% q/q (prelim. -0.2%, est. -0.2%), according to the Central Statistical Office. The year-on-year figure was also in-line with the preliminary reading at +1.5% y/y (prelim. +1.5%, est. +1.5%).
  • As a reminder, Bloomberg reported yesterday that Hungary opened books on a Samurai bond sale in four parts, three of them green notes, with maturities between 3 to 10 years. Pricing on September 5.
  • The second day of an informal meeting of the EU’s General Affairs Council will be held in Budapest as part of Hungary’s rotating EU presidency. Participants will discuss improving the competitiveness of the EU and dealing with demographic challenges.
  • There are no other economic releases scheduled for today. Looking ahead, retail sales, trade balance and industrial production figures for July all cross later in the week.

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