GKI: The Flowers of Evil

According to data of the first quarter, GDP in Hungary fell much more than in other EU countries. GKI Economic Research Co. forecasts that economic growth cannot be expected to start in 2012 in Hungary as a result of the deterioration of European and national expectations and the tax increases and this year’s real income fall of around 3 per cent announced in the framework of budgetary adjustments. The convergence program may be enough for the termination of the excessive deficit procedure next year.

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