Financial Times FT.com

Hungary still vulnerable to economic shocks

By Thomas Escritt and Stefan Wagstyl in Budapest

Published: June 19 2009 03:26 | Last updated: June 19 2009 03:26

Hungary’s central bank governor said the country was weathering the worst of the economic crisis thanks to international support and domestic reforms but remained vulnerable to possible future shocks.

“This environment is highly uncertain and volatile,” Andras Simor told the FT an an interview. “Just recently, talk about Latvia weakened the forint quite a bit, and as the crisis is spreading around the world, having started from the US, it is beyond our control and still affects us.”

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