Finance Minister: GDP expected to fall 5 pc in H2

Hungary's GDP is expected to fall 5 percent in annual comparison in the second half of 2020, Finance Minister Mihaly Varga told public Kossuth Radio on Thursday. The economy strengthened somewhat in June, but GDP in the second quarter is still expected to fall by 10 percent annually, Varga said. The economy suffered a 20 percent setback in April in annual comparison, the largest fall recorded yet during the coronavirus pandemic, Varga said. The fall slowed in May, and the trend turned in June, he said.