Hungary to Stagnate in 2013

BusinessEconomy ♦ Published: February 2, 2013; 11:42 ♦ (Vindobona)

The economic outlook for Hungary remains rather bleak. The country will not leave the recession behind this year.

Hungary to Stagnate in 2013 / Picture: ©

The economic crisis in Hungary goes on. In 2012, Hungary ´s economy has contracted by 1.5%. According to EBRD, Hungary´s expected economic growth comes at 0.1% this year.

Also the economic research institute GKI reports that Hungary will not recover before 2014. In 2013, the drop in GDP will not be as high as in 2012, but the recession will go on, GKI says. Unemployment is…