Thursday, May 24, 2007

Czech Republic, Hungary and Poland Face Budget Deficit Risks, OECD Says

(Bloomberg) -- The Czech Republic, Hungary and
Poland must do more to ensure they can get bring their budget
deficits within European Union limits, the Organization for
Economic Cooperation and Development said.

The Czech deficit will probably be 3.7 percent of gross
domestic product this year and 3.5 percent next year, Hungary's
shortfall is forecast at 6.7 percent of GDP this year and 4.8
percent in 2008, while the Polish budget gap may be 3.2 percent
of GDP this year and 2.4 percent next year, the OECD said.


Read more at Bloomberg Emerging Markets News

No comments: