GKI: Decreasing consumption and investments

By: trademagazin Date: 2012. 12. 07. 13:34

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.