At what stage are we in the Great Recession? Comparison in the Central-Eastern European Region

The figure illustrates the impact of the 2008 world financial crisis on the Hungarian and other Central-Eastern European economies compared to each other. The quarterly change in GDP since the start of the crisis is used as an indicator in comparison to the previous quarters.

The figure was inspired by the web page of the prestigious economic research institute, The National Institute of Economic and Social Research (NIESR) at