Macroeconomic Forecast HungaryJuly 2010 | Macroeconomic Forecasts
Retails sales in Hungary fell for the 40th consecutive month in July, declining by 4.7% y-o-y compared to a decline of 5.0% in May. The ongoing decline in retail sales supports our long-held view that household demand would be the weak link in Hungary's economic growth story. Indeed, with a huge stock of external debt, and a significantly weakened currency making matters even worse, we believe that retail sales could stay in negative territory through H210.
To read the full article, please choose one of the following options: