BMI View: Hungary proved a challenging IT market for vendors throughout 2010-2015, due to a
combination of recession, a public sector spending squeeze and then steep forint depreciation in 2015. We
expect 2016 will be another year of modest growth, when forint depreci ..."
BMI View: After recession and forint depreciation weighed on economic sentiment and IT market
performance in Hungary in recent years the medium term-outlook is considerably stronger. Conditions will
improve slightly in 2016, but we expect a faster growth trajectory fr ..."
BMI View: We downgraded our estimate for IT market growth in 2015 to reflect the extent of forint
depreciation, and although conditions will ease in 2016 the forint and weak confidence levels will continue
to be challenging for vendors. The medium term-outlook is cons ..."
BMI View: IT market spending growth should strengthen throughout 2016 as the economic environment
improves from the weak performance seen in 2015. We expect this to continue over the coming years over
the duration of our five year forecast period to 2019. This will en ..."
BMI View: Forint depreciation against the US dollar in 2015 will be a drag on Hungarian IT market
growth, with our Hungary Country Risk team's more bearish forint view in Q4 reflected in a downgrade to
the IT market growth forecast in US dollar terms. The relatively w ..."
BMI View: The Hungarian Country Risk team's revised forecast for faster forint depreciation against the
US dollar in 2015 resulted in a downgrade to the forecast for IT market growth in the Q3 update. The
Hungarian economy has been a regional underperformer in recent ..."
BMI View: The Hungarian Country Risk team's forecast for significant forint depreciation against the US
dollar in 2015 weighs on our forecast for IT market growth. The Hungarian economy has been a regional
underperformer in recent years, and the outlook is expected to remain mi ..."
BMI View: The Hungarian economy has been a regional underperformer in recent years, and the outlook
remains fragile in 2015 and over the medium term, but there are increasing reasons for optimism. Our view
is for medium term IT market spending growth to strengthen as ..."
BMI View: We restated historical data for the Hungarian IT market in the Q4 update to better reflect the
underperformance of the market in recent years as growth was hit by challenging economic conditions.
However, our views for medium term development remain in place ..."
BMI View: The economic environment will become more supportive of IT market expansion in 2014,
however with business and consumer confidence remaining fragile in the context of external risks we do not
expect a sharp uptick in spending. Despite these challenges there ..."