Domestic unemployment rate could remain below 4%
Photo by Fizkes / Shutterstock.com
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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.