GKI: Decreasing consumption and investments
Following the 1.5 per cent decline in 2012 the Hungarian economy will only stagnate in 2013, which will be the second weakest result in the region after Slovenia. As a result of new tax increases and further austerity measures envisaged for next year, the general government deficit may be kept under 3 per cent of GDP both in 2012 and 2013.However, its sustainability is questionable, thus it is not certain that Hungary can avoid the excessive deficit procedure next year.
Related news
More related news >
Related news
IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Vegan activist on Forbes’ prestigious “30 successful Hungarians under 30” list
Raul Vida, the founder of Prove magazine, is the first…
Read more >UEFA and Just Eat Takeaway extend partnership
Just Eat Takeaway has extended its partnership with the UEFA…
Read more >