Banai said that 2022 is full of economic and social challenges, for which a good economic policy answer must be found.
After a correct diagnosis, correct therapy is needed, he said. In Hungary, the debt decreased every year between 2011 and 2019, and the deficit was kept below 3%.
The number of employed people increased by 1 million, and it proved possible to re-employ long-term unemployed people, although efficiency must be improved, Banai argued.
Overall, based on Eurostat figures, the economy was in a good position before the pandemic, and in 2021 it rebounded faster than the EU average after the epidemic, he pointed out.
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