Are you sure?

GKI: Hungary's GDP to stagnate in 2010

Hungary's full-year GDP will likely stagnate in 2010, with economic growth to emerge only in the second half of the year, economic think-tank GKI reported on Wednesday.

GKI predicted average annual inflation of 4.3% this year, compared to the think tank's December forecast of 3.5%. The growth of investments is likely to be 3% in 2010, compared to the earlier forecast 5%.

GKI said that budget reserves will likely be able to cover deviations in revenue and expenditures, adding that international institutions would probably tolerate a government-budget deficit of around 5% this year if structural reforms are implemented. (MTI-ECONEWS)