Hungary’s government will reassess its macroeconomic forecasts in September, after a second reading of Q2 GDP data is published, Reuters reported on Tuesday, citing a top official at the National Economy Ministry.
“New macro forecasts will be linked to the (2012) draft budget and that may include changes (in the forecasts),” state secretary András Kármán told Reuters. “Certainly tax revenue forecasts must be based on this reassessed macroeconomic course,” he said.
Hungary’s GDP rose an unadjusted 1.5% in Q2 from the same period a year earlier, slowing from 2.5% growth in the previous quarter, the Central Statistics Office (KSH) said in a preliminary estimate early Tuesday.
Analysts had put GDP growth for the period at 2.1-2.3%.
A second reading of the data will be published on September 8.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
