Hungary to review budget for 2012 as economic outlook weakens

Note: This section contains information in English only.
Source: Bloomberg

Viktor Orban, Hungarian PM said Hungary will have to review its 2012 government budget due to diminishing economic outlook as well as weakness of national currency forint. Hungarian parliament expects next year's growth to reach only 0.5% instead of earlier predicted 1.5% as demand from debt harmed European nations has declined sharply. 

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