Q3 GDP No Game Changer

January 2011
Emerging Europe Monitor: Central Europe & Baltic States;Jan2011, Vol. 18 Issue 1, p1
Country Report
The article offers information on the economic forecast in Hungary. It highlights that the increase in the seasonally unadjusted gross domestic product (GDP) by 1.6% year-on-year (y-o-y) in the third quarter of 2010 caused the increase in 2010 growth forecast to 1.1%. It mentions that crisis taxes are being implemented by the government through 2014 to finance a cut in income tax and meet the deficit criteria of the European Union (EU).


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