Hungary needs turnaround to meet growth target in 2012 - EcoMin
Hungary needs a growth turnaround if GDP is to increase at least 1.5% in 2012, National Economy Minister György Matolcsy said at a press conference on Thursday.
Growth is slowing in Europe and the whole world, which is why Hungary needs a growth turnaround if it is to achieve the 1.5% increase of GDP projected in the 2012 budget bill, Mr Matolcsy said.
Matolcsy reaffirmed the government's commitment to achieving the 2.5%-of-GDP general government deficit target for 2012 "through fire and water" as well as the 2.94%-of-GDP deficit target for 2011.
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.