Forex | Forex | Hungary (03/09/2009 16:05:15)

Hungary

On the following pages we present an updated outlook on the Hungarian economy taking into account the latest economic releases for June and July. The Hungarian economy has experienced a significant drop in economic activity in the last couple of quarters. However, this is bottoming out and we expect a slow and gradual recovery in the coming quarters. We expect GDP to contract on average 7.1% y/y in 2009 and 0.8% y/y in 2010. The large drop in private consumption played a considerable role in


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