Hungary halfway into the virus crisis
Wednesday, April 22nd, 2020The number one liberal weekly website quotes figures suggesting that the Hungarian economy only began to grapple with the virus emergency in March. READ MORE
The number one liberal weekly website quotes figures suggesting that the Hungarian economy only began to grapple with the virus emergency in March. READ MORE
A pro-government and an independent economist find the government’s economic incentives to kick-start the economy reasonable and well-balanced. A former liberal minister and a left-wing commentator, on the other hand, accuse the government of mismanaging the economic crisis. A centrist analyst predicts that after the health emergency, the government will face tremendous difficulties in managing the economy. READ MORE
The leading online financial news outlet contends that there is a huge variation in GDP estimates for 2020, but all analysts agree that the Hungarian economy will shrink this year, followed by a sharp rebound in 2021. READ MORE
As the European Commission urges countries not to apply today’s strict travel restrictions to workers performing critical jobs in other countries, a left-wing commentator remarks that those workers would also be critically needed in their own countries. READ MORE
A centrist analyst contends that the sudden weakening of the Forint can be explained by fears over Hungary’s emergency laws rather than by economic factors, and therefore the stabilization of the Hungarian currency’s exchange rate requires the adjustment of the government’s rhetoric and legislation style. READ MORE
Two strongly pro-government commentators think that the coronavirus emergency will further weaken the EU and increase the importance of nation-states. READ MORE
A pro-government commentator welcomes the government’s plan to help Hungarian families and businesses survive the financial problems the coronavirus pandemic is sure to bring. A left-wing pundit calls for more government action to protect jobs. READ MORE
An economist writing on Hungary’s leading independent business site calls for immediate intervention by the government and national bank to stimulate the economy and mitigate the economic shocks resulting from the coronavirus emergency. READ MORE
The leading pro-government dailies find Hungary’s economic performance on schedule to meet the government’s target of reaching the EU GDP average by 2032. READ MORE
A pro-government economist interprets record end of year spending as a proof of Hungary’s prosperity. A left-wing commentator criticizes untrammelled consumerism. READ MORE