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Hungary: Double-dip avoided

(MENAFN - ING) The data While expectations hadn t been particularly high for fourth quarter economic activity in 2020, some positive momentum had emerged in recent weeks following speeches by Prime Minister Viktor Orbán, who suggested the economy could contract by 5.1% to 5.2% in 2020 as a whole, meaning borderline growth in the fourth quarter on a quarterly basis. As we now know from the first estimate of fourth quarter GDP growth, the Hungarian economy far surpassed this. GDP growth came in at 1.1% QoQ. With that, a double dip has been avoided and Hungary performed much better than the EU (-0.4%) and the eurozone (-0.6%), continuing the catch-up even in a recession year. Hungarian GDP growth

Letters: Tourism, self-control, Steve Braunias, borders and conversion therapy

Letters: Tourism, self-control, Steve Braunias, borders and conversion therapy 16 Feb, 2021 04:00 PM 8 minutes to read International tourism will never again be as it was, says Tourism Minister Stuart Nash. Photo / Supplied, File NZ Herald Lost tourism While Minister Stuart Nash s comments about the future of tourism in New Zealand may seem overly harsh, he is right in saying that tourism will not return to what it has been. Visitors from Australia will probably be about the same level but the conditions that made possible large numbers from further afield are unlikely to return. Many of these were young adventurers who could afford the ever-cheaper fares that competing airlines provided and there was little concern that they could get jobs back home when their trip had ended.

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