The ranking includes 63 countries.
Hungary ranked eighth in terms of economic performance, 40th according to a gauge of government efficiency, and 56th in a comparison of business efficiency. It ranked 37th with a view to infrastructure.
IMD put "looming inflation", "pressures on public finance due to COVID-19 and the election year of 2022" and "COVID-19 related socio-economic disruptions" among the challenges Hungary faces in 2021.
Commenting on the results on Thursday, Finance Minister Mihály Varga said Hungary's improvement in the ranking – the third-biggest of any country – was supported by government measures focusing on ensuring a post-crisis advantage, in addition to economic defense during the pandemic.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
