TITLE

Avoiding Recession Will Prove Tough

PUB. DATE
January 2012
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Jan2012, Vol. 19 Issue 1, p1
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article forecasts the real gross domestic product (GDP) growth and overall economic condition of Hungary for 2012. It says that the country's real economic growth is expected at 1.3% in 2012 from the previously estimated growth of 2.6%. It predicts a slow economic activity in the country, given the Eurozone crisis and other domestic economic risks such as weak credit growth in the banking industry, interest rate hikes to support the Hungarian forint, and external market uncertainty.
ACCESSION #
69632625

 

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