The Performance of the Agri-food Sector in the Recent Economic Crisis and during Covid-19 Pandemic

Crises impact every sector of the economy; however, magnitude that varies between different sectors. The agri-food sector-related lessons learned from last two crises (global financial crisis in 2008, and sanctions against Russia 2014) are international trade becomes lower commodity prices rise. This article analyzes performance Hungarian during three based on datasets. results show impacts depend many factors, such as type products (raw material vs. processed product, perishable non-perishable goods, etc.) or depth integration. It should be noted Hungary is heavily integrated into EU’s common market, its major partners other member states. At level, share raw materials higher export side (e.g. cereals) compared to import meat products). Based results, COVID-19 pandemic were previous crises. Despite difficulties transport, exportation expanded resulted an increasing surplus, while remained stable. identification coronavirus finding article. Doi: 10.28991/HIJ-2021-02-03-02 Full Text: PDF