Only the exports seem to increase

According to the forecast of GKI Economic Research Co., in 2011 external demand has been somewhat better than expected, however, uncertainty in the global economy has been greater than usual. This uncertainty is caused by the unpredictable political situation affecting the price of oil, changes in commodity prices, the sovereign debt crisis in some EU countries and the possible aftermath of Japan’s nuclear disaster. The decline in domestic demand in Hungary has been over; however, stagnation prevails in this sphere. External disequilibria continue to improve. The general government deficit (excluding the nationalized pension fund assets) has changed as envisaged, and, taking into account the freezing of expenditures, its size will probably be as projected.