The Hungarian economy is in such a situation that our country can handle the crisis situation most effectively in Europe, said László Parragh, president of the Hungarian Chamber of Commerce and Industry, to the Magyar Nemzet, noting that a predictable, stable, and functional government will soon be established. In other words, according to him, they do not start work in the same way as a six-party coalition would, which would only be able to put a unified economic policy concept on the table with great difficulty or perhaps not at all.
The international conditions that the new Orbán government, which won a sweeping victory in the elections, has to face are not favorable. According to the left, austerity is inevitable, and at the same time they hope that the cabinet will fall into it. However, the experience of the last twelve years shows that this is a vain dream, even though the task is not easy.
"We have to face difficulties that we never imagined." There is a war raging in the neighboring country, inflation is high everywhere, raw material prices are rising, food is becoming more expensive, energy costs have skyrocketed, it is difficult to stabilize the forint exchange rate while the export markets have collapsed. Thus, for example, Germany probably cannot avoid recession either, László Parragh .
the Hungarian Chamber of Commerce and Industry (MKIK) indicated that the Hungarian economy is in such a situation that our country can handle the crisis situation most effectively in Europe.
– This statement is based on two foundations. One is that a workable government with predictable, stable mandates will soon be established. They don't start work the way a six-party coalition would, which would be able to put a unified economic policy concept on the table with great difficulty or perhaps not at all - explained the first person of the chamber.
- In addition, it is very important that the fundamentals of the Hungarian economy are still strong to this day. Let's take a look at one or two of these: we have one of the highest employment rates among the rest in Europe, and this apparently persists. The investment rate can also be highlighted, which in our country is the highest in the EU, which can also be maintained, as investor confidence is significant.
You can read the entire article in Magyar Nemzet
Author: Gergely Kiss
Image: Hungarian Nation
