External Debt Growth To Slow

September 2008
Emerging Europe Monitor: Central Europe & Baltic States;Sep2008, Vol. 15 Issue 9, p3
Country Report
This article presents an outlook for the Hungarian external debt growth, as of September 2008. Despite a record growth of the Hungarian gross external debt at the end of first quarter, the total growth in year-on-year terms declined to its lowest level since the third quarter of 2006. Government demand for new external debt continued to decline due to a substantial fiscal tightening program that began in 2007. As its real convergence with the eurozone moves beyond 2010, its long-term potential for private sector external debt growth remains significant.


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