Eurozone entry may happen in 2013 according to Reuters poll

History

Analysts in a poll published by Reuters yesterday said Hungary would adopt the euro in 2013, well past the government's 2010 target. Six of twelve analysts in the poll said Hungarians would join the eurozone in 2013. The other six were equally divided over a euro adoption date in 2012 and 2014. None of the analysts thought the government's 2010 target date was achievable. The analyst’s forecast for the fiscal deficit was lower than the government's projection for the first time in years. They put the general government deficit at an unadjusted 8.5% of GDP in 2006 and at 5.6% of GDP in 2007. Adjusted for the effect of pension reform, the analysts projected a deficit of 7% of GDP in 2006 and 4.7% of GDP in 2007, under the government's respective targets of 8% and 5%. (Econews, Magyar Hírlap)

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.

Support the BBJ

Culture