"Caused serious disappointment" – analysts on the latest GDP data

Hungary's economy grew by 1.5% in Q3 compared to the previous year, but only 0.1% from Q2, disappointing analysts who expected higher growth. The KSH noted that industry contributed significantly, contrasting with previous reliance on services. Analysts highlighted adverse effects from drought on agriculture, which impacted overall performance. ING maintains a 1.9% growth forecast for the year, requiring a strong Q4 driven by investment and consumption. K&H and Erste analysts echoed disappointment, with revised growth expectations of 1.7% for the year. Concerns about geopolitical risks and high energy prices persist, affecting future growth prospects.