Hungary Economy among ‘Winners of New World Economy’
Hungary’s economy rebounded to pre-pandemic levels by mid-2021, while the global economy is only expected to do the same by the end of 2022, Péter Szijjártó, the minister of foreign affairs and trade, said at his annual parliamentary hearing on Monday.
The Hungarian economy has “broken one record after another” in the past two years, he said.
While 114 million people have lost their jobs worldwide due to the pandemic, and global investment volume plummeted by 42 percent, more Hungarians have jobs than ever before, he said. The country’s Q2 GDP growth was a record 17.8 percent, he said.
Those achievements were thanks to the government’s consistent policy of cutting taxes, Szijjártó said. State funding now goes towards preventing unemployment rather than financing it, he said. The government also used “temporarily lax” EU legislation to tie investment…
