Macroeconomic Forecast Hungary

The most recent economic data released by the Hungarian central bank showed a slight narrowing of the current account surplus in the third quarter of 2011, to EUR380.6mn, down from EUR530.2mn in the second quarter. Going forward, owing to the deteriorating domestic economic outlook, we remain of the view that 2012 will deliver another surplus year, equivalent to EUR0.49bn (0.5% of GDP) down from EUR1.50bn in 2011 (1.3% of GDP).

To read the full article, please choose one of the following options: