There is a need for genuine change

GKI forecasts that even to start the negotiations with the IMF successfully, genuine economic policy change and the return to market economy principles are required. Next year, however, this would only be enough to mitigate the decline. Regaining the confidence of financial capital and FDI markets can be expected only by 2013, at best.

GKI forecasts that even to start the negotiations with the IMF successfully, genuine economic policy change and the return to market economy principles are required. Next year, however, this would only be enough to mitigate the decline. Regaining the confidence of financial capital and FDI markets can be expected only by 2013, at best. The immediate positive impact of the announcement of the negotiations with the IMF on the financial markets was almost instantly swept away by the government's insistence on continuing its economic policy, which indicated a complete lack of understanding of the situation or double talk. The subsequent downgrading of the Hungarian economy weakened the forint further and worsened the already negative international assessment of Hungary.

 

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