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OECD Shows Great Concern over Hungarian Economy
People ♦
Published: January 27, 2014; 17:43 ♦ (Vindobona)
According to the OECD, the country’s recovery from recession will be weak in 2014 and 2015
OECD Shows Great Concern over Hungarian Economy / Picture: © Vindobona.org
The organization called upon Hungary to show “extreme caution” in regard to further monetary interventions and reducing certain taxes, particularly bank levies. OECD anticipates growth at 2.0 percent this year and 1.7 percent next year, in line with the November forecasts.
"Growth potential is held back by weak investment, low employment among low-skilled workers and…
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