Matolcsy complains to The Economist over exclusion of macro data


National Bank of Hungary (MNB) governor György Matolcsy wrote a letter to The Economist protesting the exclusion of Hungary from a list of macroeconomic indicators the newspaper regularly publishes, the central bank announced today.

Matolcsy reportedly complained in the letter that The Economist has not published selected macroeconomic indicators from Hungary since April 25, while publishing those of countries with similar economies, such as Czech Republic, as well as publishing the Budapest Stock Exchangeʼs main BUX index.

"The omission of the data is detrimental to perceptions of the Hungarian economy. Moreover, its timing gives the impression as though The Economist was keen on presenting those data to its readers to validate the problems of the Hungarian economy, which did indeed exist in the past; meanwhile it would rather hide the data demonstrating the successes achieved in recent years," Matolcsy said in the letter posted on MNBʼs website.

"The deletion of information related to Hungary prevents readers with a general interest in economic developments from making an educated assessment, while it reduces the opportunity of investors with a presence in Hungary or considering future investments in the country to monitor the most important developments in the Hungarian economy in one of the world’s most widely read economic weeklies. Matolcsy urged the paperʼs editor to include, as before, the data on Hungary "to ensure that not a single reader of your paper is left with an unjustified loss of information".


Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...


Producing journalism that is worthy of the name is a costly business. For 27 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.