Hungary posts GDP growth of 4.5 pc in Q4

Hungary's GDP rose by an annual 4.5 percent in the fourth quarter of 2019, the Central Statistical Office (KSH) said in a first reading of data on Friday. Growth slowed from 5.0 percent in Q3. GDP growth was exceptionally strong in the first quarter, reaching 5.3 percent before slowing to 4.9 percent in Q2. Full-year GDP growth reached 4.9 percent in 2019. In 2018, full-year growth was 5.1 percent, up from a 4.3 percent growth rate in 2017. Adjusted for seasonal and calendar year effects, Q4 GDP growth was 4.6 percent. KSH said market-based services, as well as the industrial and construction sectors contributed the most to growth in Q4.