According to the forecast of GKI Economic Research Co. prepared in co-operation with Erste Bank, the conditions for growth in 2011 are worse than previous expectations.
According to the forecast of GKI Economic Research Co. prepared in co-operation with Erste Bank, the conditions for growth in 2011 are worse than previous expectations. Compared to 2010, growth of external demand slows down, whereas domestic demand picks up only slowly. Following a 1 per cent growth in 2010, Hungary's GDP will expand by about 2.5 per cent in 2011 driven by exports and investments. The general government deficit will drop to about 3 per cent of GDP.
You can download the analysis from here.
