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According to the OECD's latest survey, Hungary's economy is catching up with its richer neighbours. It hopes to join the euro in 2010. But this progress is threatened by an “unhealthy climate of financial volatility”. Fiscal profligacy is partly to blame. The government's deficit has overshot its target in each of the past three years, and will do so again this year and next, the OECD predicts.
This article appeared in the Economic & financial indicators section of the print edition under the headline “Hungary”
From the July 23rd 2005 edition
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