Domestic unemployment rate could remain below 4%

Analysis

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In the coming years, the domestic unemployment rate may remain below 4% if the coronavirus epidemic does not cause another problem in the world economy, Zoltán Varga, a senior analyst at Equilor Befektetési Zrt., told business daily Világgazdaság.

However, rising energy and raw material prices may slow the expansion of investments, reducing the need for new labor, Varga said.

With the recovery that started at the beginning of last year, unemployment decreased rapidly, which was helped by the fact that the actors reacted quite flexibly during the epidemic, the analyst explained.

There is still some room for upside, which is also being widened by the economic recovery, but in the meantime, there has been a lot of risk on the part of companies.

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