Jun 21, 2011

Hungary is the “Surprised Star of Emerging Markets”

The Financial Times reported last month that Hungary’s economy was showing glimmers of success after a slew of bad news in the previous year.

Hungary has made a string of advances in the region's currencies, equities and bonds, Financial Times reports.
Current bits of good news include
• Activity in export-oriented manufacturing thanks to orders from a strong German economy.
• Increased interest rates
• Short-term bond investors are optimistic as the government targets a 3% budget deficit this year.

More good news came in early June when Financial Times reported that Fitch ratings agency revised its outlook on Hungarian debt from “negative” to “stable”.

Learn more about renting and buying property in Hungary by contacting At Home Budapest

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