Strong Growth in Q2, But Slowdown Has Started Already

HUNGARY - Forecast 09 Oct 2014 by Istvan Racz
Executive Summary In late September, the Central Statistical Office announced a revision of national accounts and government sector data, as part of a transition to ESA2010, Eurostat’s new methodological standard. So far, only part of the new data has been presented, and as a result, a fully consistent dataset for a multi-year macro forecast cannot be established. The statistical revision most importantly raised GDP by 2.6% in 2013 and by 1.2-2.1% in each of the previous ten years. It also reduced the government debt ratio proportionally. However, the debt ratio will still have to be kept o...

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