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According to the International Monetary Fund, the economic outlook for Hungary will remain "difficult" in 2013. On January 28 in Budapest, the IMF concluded a two-week joint mission with the Commission to analyse the state of Hungary’s public finances, with a view to granting a loan for €15bn, which was solicited by Budapest in the summer of 2012.
The IMF acknowledged a "significant" reduction in Hungary’s budget deficit, but remarked that the means used to achieve it — stopgap measures like tax hikes for individuals and companies, especially foreign companies, — had damaged the climate for investment.
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