Improvement in external debt, stagnant real wages

According to the forecast of GKI Economic Research Co. made with the cooperation of Erste Bank, Hungarian economy will stagnate in 2010, but the external balance will show assets.

The level of private consumption is likely to continue to decline slightly, approximately by 1 percent.
The gross earnings will increase by about only 1 percent, because of the labor market surplus. Net earnings, however, may increase by 7.5 percent as a result of personal income tax changes. This will lead to a 3.5-4 percent real earnings growth.