Mild growth expected for weak Hungarian economy

Mild growth expected for weak Hungarian economy

Published at: 2014-11-28 09:26 | Author: CIJ Journal
According to HungaryToday, a new Moody’s Investors Service sees improved medium-term economic growth prospects for Hungary, but that improvement is likely to lag behind other central European countries. This is likely to hurt the government’s debt-reducing efforts, it reports. But the analysis of Hungary’s situation suggests that the economy is beginning to respond to the government’s pro-active policies and to greater success in deploying EU funds. Moody’s finds grounds for optimism in low inflation figures and improved consumption levels while warning that the country suffers from poor demographics and a poor environment for investment.

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