Under the double-hit scenario, considering that there would be a second COVID-19 outbreak at the end of 2020, Hungary's GDP was forecast to fall by 10 percent year-on-year. In this case, the country's GDP growth for 2021 was estimated to reach 1.5 percent.
Forecast real gross domestic product (GDP) growth rate due to the coronavirus (COVID-19) in Hungary in 2020 and 2021, by scenario
* The source specified the following information:
"Given the unusual level of uncertainty caused by the Covid-19 pandemic, the Economic Outlook presents two scenarios for each country and economy – one scenario in which a second outbreak occurs in most economies towards the end of this year (double-hit scenario) and an alternative scenario where the second outbreak is avoided (single-hit scenario)."
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OECD. (November 12, 2020). Forecast real gross domestic product (GDP) growth rate due to the coronavirus (COVID-19) in Hungary in 2020 and 2021, by scenario [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1186207/coronavirus-impact-on-hungarian-gdp-by-scenario/
OECD. "Forecast real gross domestic product (GDP) growth rate due to the coronavirus (COVID-19) in Hungary in 2020 and 2021, by scenario." Chart. November 12, 2020. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1186207/coronavirus-impact-on-hungarian-gdp-by-scenario/
OECD. (2020). Forecast real gross domestic product (GDP) growth rate due to the coronavirus (COVID-19) in Hungary in 2020 and 2021, by scenario. Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1186207/coronavirus-impact-on-hungarian-gdp-by-scenario/
OECD. "Forecast Real Gross Domestic Product (Gdp) Growth Rate Due to The Coronavirus (Covid-19) in Hungary in 2020 and 2021, by Scenario." Statista, Statista Inc., 12 Nov 2020, https://www.statista.com/statistics/1186207/coronavirus-impact-on-hungarian-gdp-by-scenario/
OECD, Forecast real gross domestic product (GDP) growth rate due to the coronavirus (COVID-19) in Hungary in 2020 and 2021, by scenario Statista, https://www.statista.com/statistics/1186207/coronavirus-impact-on-hungarian-gdp-by-scenario/ (last visited November 18, 2024)
Forecast real gross domestic product (GDP) growth rate due to the coronavirus (COVID-19) in Hungary in 2020 and 2021, by scenario [Graph], OECD, November 12, 2020. [Online]. Available: https://www.statista.com/statistics/1186207/coronavirus-impact-on-hungarian-gdp-by-scenario/
