Pension Policy: Short-Term Gain, Long-Term Pain

February 2011
Emerging Europe Monitor: Central Europe & Baltic States;Feb2011, Vol. 18 Issue 2, p5
Country Report
The article focuses on the economic forecast for Hungary. It says that the part-nationalisation of the pension system as approved by Fidesz party will improve the short-term fiscal gaps and could meet the budget deficit beyond 2010. However, it states that pension reform reversal will have a negative impact in terms of long-term structural issues and that investors and financial markets will remain restrained towards the government. Moreover, consumer price inflation (CPI) rate is discussed.


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