Financial Cards and Payments in Hungary - New Report Available
Signs of post-crisis recovery are not yet clearly visible in Hungary. Consumer consumption has been stagnating during the last two quarters and declined in H2 2012. Indeed, purchasing rates hit an all-time low in the first quarter of 2012 with the result that the retail recovery has been delayed. Real household wages declined slightly during the first quarter of 2012 and the last quarter of 2011 despite some improvements in the output of industrial players, mainly due to rising export...
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