According to economic experts, Hungary can return to a stable growth path by 2024 and there will be no prolonged inflation, said Mr. Constitutional lawyer Zoltán Lomnici, Századvég's legal expert, appeared on the M1 current affairs channel's Sunday morning program, in which he spoke about EU crisis management and the corruption scandal.

He put it this way: the EU was not invented for crisis management, the institutional system was not prepared for crisis management methodology. This could also be seen during the pandemic

At the beginning of last year, there was hope for recovery from the recession, but by the end of the summer it became possible to realize that there would be a protracted war in Ukraine. According to Zoltán Lominci

Ukraine has drifted into a proxy war, and now the great powers are not sitting down to negotiate, as in Yalta, but tacitly it seems as if they have agreed that the prolongation of the war can be good for several actors.

Later, he added: the question arises as to how far the EU sanctions measures are inspired by transatlantic friendship, how independent the EU is in crisis management, or whether it is just firefighting again, as during the pandemic.

In connection with the energy and economic crisis caused by the war, he drew attention to the fact that it could lead to an unprecedented growth of the gray economy. It can be seen that the financial systems can also be replaced - he referred to the Swift system, whose alternative Chinese and Russian financial institutions have begun to build - and the export of raw materials from the Arab region will also increase in value.

 Speaking about the EU corruption scandal, he stated:

the EU would also need an integrity authority. It must be dismissed with the fact that the European Parliament and the European Commission or the Council are completely untouched by corruption cases, and also with the fact that it must be considered credible if they call out corruption somewhere.

Zoltán Lomnici emphasized:

the scandal can undermine the authority of the EU institutions in the rule of law, conditionality and other matters as well, since they have also been linked to corruption.

He noted about the EU presidency: France, the Czech Republic and Sweden created their successive presidency programs hand in hand, an important part of which was the need to protect European economic sovereignty during the Czech presidency.

Summarizing the last year's data, Zoltán Lomnici reminded:

There are 4.7 million people working in Hungary, unemployment is 3.6 percent, the manufacturing industry, the service industry, the construction industry have strengthened, and outstanding development was also visible in the tourism sector.

At the same time, in those areas where the EU was supposed to support the country - for example, agriculture due to drought damage - it did not succeed.

With the arrival of the EU funds, which took place in the framework of a "sane compromise", the national government will be able to fulfill its commitments, such as the development of teacher salaries, which are necessary to maintain growth, he said.

He indicated: according to the expectations of economic experts, the region can return to a stable growth path by 2024, and positive changes are expected, for example, in the foreign trade deficit by the end of 2023.

MTI

In our opening picture: constitutional lawyer Zoltán Lomnici Jr., legal expert of Századvég. Image: hirado.hu