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Eurozone fiscal adjustments seen taking bite out of Hungarian growth

Fiscal adjustments expected in eurozone countries in the next two years could shave an annual 0.2 percentage point off Hungary's GDP growth rate while reducing the inflation rate by about 0.1 percentage point, according to a study by National Bank of Hungary experts presented.

Eurozone countries are expected to cut state spending by an annual 0.5% of GDP in the next two years which could have a big effect on Hungarian exports, according to the study. (MTI – Econews)