Analysts were greatly disappointed by the GDP data, but still hope for a better year-end performance
The Hungarian economy's growth in Q3 was 0.1%, disappointing compared to expectations, according to ING's chief analyst. While this marks the fifth consecutive quarter of growth, it fell short of government projections. The industrial sector contributed positively, but agriculture's performance was notably weak due to drought conditions. Analysts suggest that investment activity needs to increase significantly in Q4 for the annual GDP growth forecast of 1.9% to be met. Risks affecting future growth include geopolitical uncertainties and economic conditions in the US and France. Other analysts, like those from Erste and MBH, also noted the disappointing GDP figures but maintained their growth forecasts for the year, citing potential improvements in consumption and investment.