NGM: fixing the exchange rate may prevent a dramatic fall in consumption

The Hungarian government did not anticipate that as a result of the dramatically strengthened Swiss franc, consumption would fall – said the Ministry of National Economy (NGM) to MTI.

The government does not expect, that due to the dramatically strengthened Swiss franc, there would be a dramatic fall in consumption because the government's fixing the exchange rate measures will defend from it.

In relation to this year's growth projections they have been highlighted that the new macroeconomic forecast will be part of the 2012 budget and changes may occur.