Czechia and Hungary reported Q2 GDP growth of 2.0% and 2.8% year-on-year, respectively, surpassing the broader EU trend but falling short of forecasts.
Czechia’s economy expanded by 2.0% year-on-year in the second quarter, slightly below the 2.2% consensus estimate but still outpacing the EU average. The data reflects resilient domestic demand amid external headwinds, though growth moderated from prior quarters.
Hungary’s GDP growth also exceeded the EU average, rising by 2.8% year-on-year, though this marked a modest downside surprise relative to market expectations. Both countries have shown relative economic strength compared to peers, despite global and regional challenges.
The releases highlight diverging growth trajectories within Central Europe, with Czechia and Hungary maintaining momentum while other EU economies face stagnation risks.