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European Quarterly Country Review : Hungary - Q2 2012

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European Quarterly Country Review : Hungary - Q2 2012

Economic growth during 2011 was positive, but stemmed largely from export-strength, supported by FX weakness and buoyant conditions in trading partner markets (e.g. Germany).

Having terminated a bail-out programme initiated in 2008 with the EU-IMF, Hungary has been forced to pursue a return to external support to assuage ongoing liquidity concerns.

2012 will be a recession and whilst economic growth will return in 2013, it will be below trend.

Transaction volumes are limited, reflecting caution from both domestic and foreign investors.

Source : AXA Real Estate

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Keywords : AXA Real Estate

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