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About: http://data.cimple.eu/news-article/d6d74d7e9f739669345f60076f5ad71dfe819e1d3cb74d5064b9c3bb Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Hungary, Romania and Bulgaria have suffered their worst quarterly downturns in decades because of the pandemic, according to official data published in the three EU members Friday. Hungary's GDP plunged 14.5 percent in the year's second quarter compared to the first three months of 2020, the worst since the communist era ended more than three decades ago. Second-quarter GDP fell 12.3 percent in Romania and 9.8 precent in Bulgaria, the biggest fall since the 1997 economic crisis. In Hungary, the new coronavirus crisis impacted services as well as industry, the KSH national statistics office said. The quarterly drop of 13.6 percent year-on-year exceeded analyst forecasts. "The goal is for the Hungarian economy to return to its pre-crisis path as soon as possible and to achieve again growth of around five percent next year," a Finance Ministry statement said. Hungary forecasts a 3.0 percent contraction of its GDP for 2020, while Romania expects a drop of 3.8 percent and Bulgaria of 7.0 percent. The European Commission is counting on a 6-7 percent fall for these countries, which remain among the EU's poorest but whose economies have recorded relatively strong growth in recent years within the bloc. In Romania and Bulgaria, exports dropped by 18.0 percent and 23.4 percent respectively in the second quarter. Romania on Friday announced a 14 percent increase in retirement pensions from September, with household consumption a growth engine. The public deficit is expected to reach 8.6 percent by year end. pmu-vs-mr-jza/rl
schema:headline	Hungary, Romania, Bulgaria suffer historic slumps over virus
schema:mentions	European Commission Deficit spending Hungary Romania Gross domestic product European Union Pandemic Virus Severe acute respiratory syndrome coronavirus 2 Economy of Hungary 1997 Asian financial crisis People's Republic of Bulgaria
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	58 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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