Hungary has suffered the worst consequences of the global financial crisis among all Eastern and Central European countries. During the last month there has seen significant decreases in the value of the national currency (by nearly 13% against the euro), and the Budapest stock market indices (by nearly 40%). Serious problems have also appeared in the country's financial system and caused a worsening of the macroeconomic indices and, most importantly, a slowdown of the forecasted GDP growth in 2009 from 3% to 1.2%.
