Forecast Maintained: Moderate Growth To ContinueDecember 2010 | Industry Trend Analysis
BMI View: BMI's projection that Hungary will achieve only marginal pharmaceutical market growth in 2010 has been confirmed. Supported by our latest macroeconomic forecasts, our long-term outlook for Hungary's drug market expenditure remains modest. High unemployment and a reliance on net exports to drive economic growth will limit increases in private consumption in the medium term. Furthermore, an amendment to legislation to change tax write-off rules for Hungarian drugmakers could significantly affect the net profit margins of domestic produces in 2011.
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