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Hungary warns over growth
portfolio quality is deteriorating and will countinue to deteriorate but banks are working with a fairly significant profit margin which provides a nice buffer, peter suti, chairman of the hungarian banking association, said in an interview to reuters .
'no iceland' hungaring, an bankers and analysts are keen to downplay the impact of the credit crunch on the economy .
whiled analysts argue that hungary is less exposed than other countries, they have also noted that investors are getting rid of hungarian assets .
hungary has cut its growth forecast for 2009, as concerns grow about the impact of the global credit crisis on the east european country's economy .
fears remaing, about how hungary will ensure that it maintains investments from foreigneres, which plays a crucial role in the economy .
Generated 2008-10-21_7:7
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