"There is a chance that early elections will be held in Hungary due to political instability, the International Monetary Fund (IMF) said yesterday in a statement summing up the fulfilment of conditions for the loan it extended to Hungary.The prospects of the Hungarian economy have worsened due to the further slump of the external environment, the IMF underlined. The fall of Hungary’s GDP could be higher than earlier anticipated, while the employment market landscape and the fall in trade turnover are a cause for concern.
Tax revenues will be much lower than predicted, it added."
Source: Hungary Around the Clock.
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01.07.2009