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Employment Agencies Augur Slowdown not Recession

Analysis

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According to the expectations of the National Association of Hungarian Employment Agencies (MMOSZ), there will be an economic slowdown next year, but not a recession, writes hrportal.hu.

The association held an extraordinary general meeting, where the main challenges of the coming year were reviewed.

Analysts' forecasts said the economy would reach its lowest point in March and start growing.

A slight reorganization is expected in the labor market, but the processes that have started must be continued in order to have the right amount and quality of skilled labor on the market, MMOSZ said.

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