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Hungary: fragile equilibrium to hold for now, but risks keep rising - JP Morgan |
Hungary's public sector deficit is to hit 8-10% of GDP in 2006 as the government focuses on parliamentary and local elections, JP Morgan said in its latest EMEA analysis. The country's fiscal consolidation is likely to begin from 2007, the added, but its pace is to be gradual, with EMU entry expected only in the next decade. JP Morgan sees inflation prospects improving, but warn that fiscal concerns and global tightening cycles mean limited scope for rate cuts.
Source: portfolio
Click here for the full story! 22.11.2005
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