Now we hit the bottom, we will not deteriorate further

According to the joint forecast of GKI Economic Research Institute and Erste Bank; Hungarian economy hit the bottom of the decline in the autumn of 2009 and an increase is expected in the last quarter.

This year, economy researchers expect 6-7 percent drop and stagnation for the next year. The external balance has improved spectacularly, the internal complies with international standards. Hungary's net external debt will decline significantly in 2010. The general government deficit is also favorable this year in a European comparison and in the next year it can be among the most favorables.