Hungarian Productivity  Very Weak
Hungarian Productivity  Very Weak

Hungarian Productivity Very Weak

Hungarian Productivity Very Weak

The productivity of the Hungarian economy is very weak and this will greatly impact catching up with western economies, says Istvan Konya, a researcher at the Hungarian Academy of Science, bbj.hu reported. Konya held a presentation at an economic conference in Eger (northeast of Hungary). Since 2006, Hungary has not been catching up at all with Germany, and the country’s economic performance was lower than the regional average during the financial crisis. Before that, households and companies were too optimistic and euro and Swiss franc denominated loans were extremely popular, and with these factors, the crisis hit Hungary harder than other countries, Konya said, according to online portal vg.hu. Currently, the biggest problem is the very low productivity. While the decrease of the unemployment figure is a positive development, those involved are less qualified, which does not support the rise of productivity. Domestic consumption recovered relatively quickly after the crisis, but investments are still low, which also does not add to productivity, Konya explained.


Short URL : https://goo.gl/41mZMn
  1. https://goo.gl/vEcHuz
  • https://goo.gl/UiwqKk
  • https://goo.gl/bCiRpd
  • https://goo.gl/Sc1DvB
  • https://goo.gl/39SXaN

You can also read ...

Cyber threats are ever-evolving.
The White House released a report that found that the economic...
Global Investors Target Zimbabwe Energy Sector
Zimbabwe has become a magnet for billionaire global firms such...
BSP said the planned RRR cuts are part of the bank’s financial market reforms.
The Bangko Sentral ng Pilipinas said it was reducing banks’...
FAO regional representative Julio Berdegue (R), and the deputy regional representative Eve Crowley.
Identifying territories where rural poverty is most entrenched...
Asean Labor Flows Hit a Wall
Tighter restrictions on foreign labor in Malaysia and Thailand...
The country’s GDP grew by 3.2% in 2017 but will  edge down in the coming years.
A report by the International Monetary Fund showed Sunday that...
Lagarde Backs Creation of European Monetary Fund
International Monetary Fund chief Christine Lagarde has no...
Baby-boomers will start turning 75 or older in 2022, which is expected to trigger a surge in health care and nursing care costs.
Amid stalling inflation and ballooning government spending,...

Add new comment

Read our comment policy before posting your viewpoints