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Global Economic Outlook
Hungary Outlook Update: Bumpy Road Ahead
By Jelena Vukotic
- A gradual recovery in domestic demand will partly offset easing exports in the coming quarters.
- Despite increased market optimism, RGE remains cautious about the government’s mid-term fiscal consolidation drive.
- Inflation above the 3.0% target, along with rising rates in the eurozone, limits the central bank’s room to cut rates in 2011.