Household Indebtedness To Rise

December 2007
Emerging Europe Monitor: Central Europe & Baltic States;Dec2007, Vol. 14 Issue 12, p1
Country Report
Country Report
The article predicts Hungary's private sector indebtedness for 2007. It forecasts that the country's external debt pile to continue to expand, with total external debt to reach 64.3% of gross domestic product in 2007, up from 63.3% in 2006. While external debt is expected to remain pronounced going forward, it is not overly concerned about the implications of a higher external debt to GDP ratio on the economy.


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