However, whether the problem is temporary, or there exist grater structural problems that translate into a deteriorating Hungarian competitiveness is unclear, Gál added. In Q1 2007 the volume of national economic investments exceeded that of Q4 2006 by 2.6% adjusted by seasonal and working day factors, while growth was 0.8% compared to Q1 2006. Last year the volume of investments decreased by 2 %, unprecedented in the past two decades. This will make catching up with the current European economic activity definitely harder, Gál said. (Napi Gazdaság, Magyar Hirlap)