Finally let me say a few words about the events of the most recent months and touch briefly on future challenges we are facing. Summer brought favourable developments in various dimensions. Global risk aversion eased significantly, thanks mainly to the well coordinated fiscal and monetary measures of developed countries. This was obviously a very welcome phenomenon for Hungary.
The forex, equity, bond, and commodity markets have been extremely volatile during the period as global economic outlook remains “unusually uncertain” making it difficult for economic agents to make optimal and informed decisions.