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Hungary not affected by loan crisis

Though Central and Eastern European countries seem to be well-protected against the effects of the global loan market crisis, their growth will not be as fast as predicted before, a forecast of the European Bank for Reconstruction and Development (EBRD) said.

Hungary may expect a GDP growth of 1.7% this year following last year’s 1.3% and prior to next year’s 3%, EBRD said. Countries, which are net exporters of energy and countries that can postpone the necessary anti-inflation measures will be able to grow faster, EBRD said. The most important problem of the region is inflation, which reaches two digits in some countries, EBRD said. (Napi Gazdaság)