ADVERTISEMENT

S&P predicts Hungary growth slowing to 2.5% in 2007

Analysis

Hungary's economic growth rate will slow down next year, said a Tuesday press release by ratings agency Standard and Poor's on European economic growth prospects.

"Hungary is likely to see real GDP growth decelerate to about 2.5% in 2007 from 4.2% in 2006, as the government undertakes drastic fiscal retrenchment to curb a burgeoning budget deficit," S&P said. In Europe, growth is likely to slow going into 2007, as weaker exports to the U.S. and a softening of consumer demand and business investment take affect amid higher interest rates, the agency said.

Central Bank Base Rate by 50 bp to 7.25% MNB

Central Bank Base Rate by 50 bp to 7.25%

Gov't to Call HUF 75 bln Tender to Support Innovation by SME... Government

Gov't to Call HUF 75 bln Tender to Support Innovation by SME...

Óbuda Uni Planning Technology and Innovation Park Innovation

Óbuda Uni Planning Technology and Innovation Park

White Raven Skybar, Laurent-Perrier Champagnes Enter Special... Drinks

White Raven Skybar, Laurent-Perrier Champagnes Enter Special...

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.