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The recovery of the economy in Hungary puts the country ahead of other Eastern European countries to adopt the Euro
The financial analyst firm JP Morgan expected that the outlook for Hungary to join the euro area have improved compared to other countries of Eastern Europe, due to the structural reforms implemented last year.
In its latest report, JP Morgan shows how "while the rest of the world has loosened its fiscal policy, Hungary cut its structural deficit to around 3% of GDP last year.
As a result, Hungary" is in a unique position "do not have to cut its structural deficit while recovering growth.
It is hoped that Hungary and Bulgaria to adopt the Euro currency in 2014, a year earlier than Poland and the Czech Republic. Romania's entry is expected in 2017.
