| Hungarian GDP declines 7.5% in second quarter |
| Region - Economy | |||
| Wednesday, 09 September 2009 12:39 | |||
 As a result of the strong decline in the industrial production, investments and exports, Hungary's GDP in the second quarter dropped 7.5%.Hungarian economists estimate that GDP will drop this year by 6.7%, the biggest decline since 1991. Also, the Hungarian Central Bank is expected to significantly reduce the interest rates.
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