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IMF: Doubt on Hungary´s Economic Data

Published: July 23, 2012; 19:37 · (Vindobona)

For the IMF, the budgetary forecasts are too optimistic. The negotiations on the € 15bn loan continue.

IMF: Doubt on Hungary´s Economic Data / Picture: © Flickr

Between Hungary´s government and IMF, the atmosphere is still tensioned. This year, the Hungarian government expects a budget deficit of 2.5%. However, IMF is highly doubtful. The lender anticipates a deficit quota of 3.7%. Only in the best case scenario, the deficit may reach 2.8%.

Moreover, IMF views the GDP growth forecasts critically. The Hungarian Ministry of Economics…

This article includes a total of 270 words.

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