OECD: The growth of developed countries to slow down
In the OECD, containing 33 developed countries, GDP growth forecast for next year modified to 2.3 percent from the former 2.8. The organization's experts expect a 2.5 percent growth for Hungary, next year.
OECD explains the restraint of the developed economies, with the persistently high unemployment rates with large state debts, with budget deficits and with constraints. The 1,000 billions, that went for the stimulation of the economies have gone, now the main aim is state saving, which has no increase-stimulating effect – reports Népszabadság Online.
Related news
Related news
Sharp price competition and challenges in the Hungarian food industry
Serious price competition has developed on the Hungarian food market,…
Read more >Hungarian customers want a stress-free Christmas: they shop online in advance and spend over HUF 100,000 on gifts
Hungarians plan to spend more than HUF 100,000 on Christmas…
Read more >The rise in food prices has fallen, and no significant increase in prices is expected until the end of the year
In the past two years, consumers in Hungary experienced a…
Read more >