Merrill Sees Hungary's Potential Debt Upgrade

  • 20 Jan 2015 8:00 AM
Merrill Sees Hungary's Potential Debt Upgrade
Hungary’s current account surplus, low budget deficit and growth figures support an upgrade of the country’s sovereign debt into the investment category, Merrill Lynch analysts wrote in their latest report on the prospects for Eastern Europe to 2020.

Although the state debt remains high at 80% of GDP, the budget policy is strict and the state debt is declining, the investment bank added.

Merrill is forecasting average 1.5% GDP growth for Hungary until 2020, lower than in Poland.

Source: Hungary Around the Clock

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