TITLE

Demand And Supply Of Credit Looking Weak

PUB. DATE
March 2011
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Mar2011, Vol. 18 Issue 3, p5
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article presents an economic outlook for Hungary as of March 2011. It mentions the contribution of asset growth and credit expansion in the banking sector on the unfavorable status of economy in 2011. It adds that the depreciation of forint will further ensure the large stock of foreign currency loans of household sector precluded by a strong rebound in consumer spending. Moreover, it points out that high unemployment and inflation will act as barriers on the developments of domestic demand.
ACCESSION #
58026659

 

Related Articles

  • Hungarian Banking Sector: Weak Credit Growth To Limit Expansion.  // Emerging Markets Monitor;4/11/2011, Vol. 17 Issue 3, p15 

    The article discusses the outlook for the banking sector in Hungary in 2011 and 2012. Poor growth prospects is observed in the economy due to weak credit expansion and asset growth. A strong rebound in demand for credit is predicted to result from a heavy external debt load and a weak forint....

  • Mortgage Assistance Plan To Boost Consumption.  // Emerging Europe Monitor: Central Europe & Baltic States;Aug2011, Vol. 18 Issue 8, p5 

    The article presents an economic forecast from 2011 to 2015 in Hungary specifically on the use of the mortgage assistance plan to boost household consumption. The Hungarian government and the national banking association have permitted the foreign currency mortgage holders to use a more...

  • Hungary headed for a modest recovery.  // Market: Europe;May2008, Vol. 19 Issue 5, p3 

    The article reports on the economic condition of Hungary in 2008. According to a review by the Economic Department of UniCredit Group, a major banking and financial services in Europe, the Hungarian economy is recovering from a self-imposed austerity program. It states that UniCredit is...

  • Mortgage Relief Plan A Threat To Banking Sector.  // Emerging Europe Monitor: Central Europe & Baltic States;Nov2010, Vol. 17 Issue 11, p6 

    The article provides an overview and forecast of the economic conditions in Hungary for 2010 and beyond. It projects that the mortgage relief plan proposed by the Hungarian government will present threats to the profitability of the banking sector. It also cites the increase of retail sales in...

  • 7.25% Rate Target For November.  // Emerging Europe Monitor: Central Europe & Baltic States;Dec2007, Vol. 14 Issue 12, p3 

    The article predicts the economic conditions in Hungary for 2007. The National Bank of Hungary highlights that its medium-term 3% inflation target will be met by 2009. It anticipates a gradual increase in domestic energy prices in the near future, which may yet feed into a more cautious monetary...

  • Recovery Still Reliant On Net Exports.  // Emerging Europe Monitor: Central Europe & Baltic States;Apr2011, Vol. 18 Issue 4, p4 

    The article discusses the economic forecasts for Hungary, in which net exports are expected to be the main driver of economic recovery through 2013. It says that retail trade declined by 0.3% year-on-year (y-o-y) in November 2010, while the domestic banking sector is predicted to be reluctant in...

  • Hungary: Central Bank Inflation Target Unachievable In 2012.  // Emerging Markets Monitor;12/19/2011, Vol. 17 Issue 36, p15 

    The article forecasts the economic performance of Hungary for 2012. It discusses the country's economic condition which is plagued with tax increases and currency weakness. It predicts that consumer price inflation (CPI) will continue to increase and that consumer prices will play out despite...

  • Weak Forint Poses Risks To Further Rate Cuts.  // Emerging Europe Monitor: Central Europe & Baltic States;Aug2010, Vol. 17 Issue 8, p5 

    The article presents an outlook on the economic condition in Hungary in August 2010. It predicts a further 25 basis points (bps) of reductions by the end of the year provided that the disinflationary trend remains to play out, and the economic recovery of the country stays fragile. It states...

  • Economic Growth: Consumer Demand - Outlook.  // Hungary Country Monitor;Mar2012, p7 

    The article forecasts the condition of consumer demand in Hungary in 2012.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics