2015: Slow Growth, Low Inflation, Weaker Forint, Stable Budget

HUNGARY - Forecast 12 Jan 2015 by Istvan Racz
Executive SummarySince our previous Quarterly Report in October 2014, Hungary’s outlook has not changed dramatically, though it has been significantly modified by external factors like sharply falling crude oil prices, the weakening of the European business cycle, and the most recent deterioration of global capital market sentiment. Besides, the government has managed to control its cash balance and debt ratio more efficiently than expected, mainly as a result of a big gain on financial derivatives, most probably representing hedging operations against the weakening forint’s negative curren...

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