Hungary to Cut 2012 Economic Growth Forecast to 0.9%, Index Says
Hungary’s government will probably lower its 2012 economic growth forecast to 0.9 percent from 1.5 percent tomorrow, news website Index reported, citing unidentified sources close to the government.
The slower expansion may cause a 50 billion-forint ($225 million) additional shortfall in next year’s budget, Index said. The central bank expects the economy to grow 0.6 percent in 2012, it added.
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