The end of recession in Hungary is still far ahead

The end of the recession is not to be seen in the near future, and weakening of forint may cause another wave of insolvence – a new analysis by the second largest credit insurance company, Atradius points out.

Atradius does not agree with forecasts which say that 2010 will bring about positive changes in the Hungarian economy.  The credit insurance company is in the opinion that new economical packages are going to cause a lack of effective demand which will bring about another wave of recession. To questions like whether or not markets are going to thrive, there are no concrete answers.