Hungary: Economic Acceleration Takes Form

Politics ♦ Published: November 29, 2013; 17:21 ♦ (Vindobona)

According to French BNP, the Hungarian economy starts to grow again. Nevertheless, the banking industry does not face better times yet.

Hungary: Economic Acceleration Takes Form / Picture: ©

In the last five years, Hungary´s economic frame conditions were rather difficult. Investors often complain that the frame conditions have become unpredictable.

The country did not only lose the investment grade, but also the Hungarian forint fell steadily. For Hungarian forex borrowers, the devaluation of the forint was catastrophic. Due to the dramatic decline of the Hungarian…