Fiscal Tightening Takes Its Toll

January 2008
Emerging Europe Monitor: Central Europe & Baltic States;Jan2008, Vol. 15 Issue 1, p1
Country Report
Country Report
This article reports on the impact of fiscal tightening measures on Hungary's economic growth for the fourth quarter 2007. Third quarter real GDP growth came in at 1.0% year-on-year (y-o-y). The continuing slowdown in quarterly growth is attributed to sharp contractions in final consumption. Household spending dropped by 2.1% in y-o-y in H107. Government expenditure fell by 5.9% y-o-y in H107.


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