GKI is pessimistic

GKI Economic Research Zrt.’s forecast for 2012-2013: Hungary’ economy will lag behind the economies of the European Union and our economic policy will lead to isolation. The level of consumption, investment and lending activity will all become lower and the majority of businesses will see their economic situation turn to the worse. Inflation is already speeding up as the success of Hungary’s negotiations with the EU and the IMF remains questionable. In the first half of 2012 recession in Hungary was the biggest in the region, what is more, in the majority of the neighbouring countries economic growth was measured. In the second half of 2012 Hungary’s recession is expected to deepen further and real wages will be stagnating at best.