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Hungarian Economy Still Shows Weakness

Published: October 6, 2012; 21:36 · (Vindobona)

The country´s economic growth remains low, public debt leaves no leeway for fiscal policies. A high level of foreign debt remains a significant weakness of the Hungarian economy.

Hungarian Economy Still Shows Weakness / Picture: © Flickr

The country’s indebtedness leaves little room for fiscal policy measures

In addition to foreign debt, the relatively high public debt of around 80% of GDP continues to pose a challenge to economic policy. The special measures introduced by the government to reduce public debt, such as special taxes imposed on various sectors of the economy and in particular the nationalisation…

This article includes a total of 504 words.

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