Stagnation after recession

After a recession of about 1.5 per cent in 2012, no growth can be expected in Hungary in 2013 either. Inflation will slow down significantly. The main purpose of the government, that is, avoiding the excessive deficit procedure, is getting more and more at odds with the launch of an economic policy favouring the forthcoming elections.

GKI forecasts that after a recession of about 1.5 per cent in 2012, no growth can be expected in Hungary in 2013 either. Inflation, however, will slow down significantly, by more than 1 percentage point, due to some enforced government measures. The main purpose of the government, that is, avoiding the excessive deficit procedure, is getting more and more at odds with the launch of an economic policy favouring the forthcoming elections.

 

You can download the forecast from here.