May 2005
Emerging Europe Monitor: Central Europe & Baltic States;May2005, Vol. 12 Issue 5, p5
Country Report
Country Report
This article offers financial updates from Hungary as of May 2005. The account problems of Hungary persisted in 2004. Total external deficit of the country is 8.9 percent of the gross domestic products. The international trade account of Hungary, which improved slightly in 2003, may have been affected by the appreciation of the forint since European Union accession in May 2004. With the account deficit representing a deterioration of the country's net asset position, inward foreign capital inflows are necessary to bridge the gap. Foreign direct investment is a likely solution to finance the country's external imbalance.


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