Recession Seems Inevitable, Experts Warn

Analysis

Image by Shutterstock.com

A recession of the Hungarian economy seems inevitable, while there is a danger that inflation will become embedded at a high level, according to an expert discussion at the Budapest Economic Forum hosted by portfolio.hu.

The exchange rate of the forint must be stabilized if Hungary wants to avoid the unpleasant example of Latin America, indicated investor Viktor Zsiday.

Economist Péter Ákos Bod, a former National Bank of Hungary governor, said it is challenging to maintain confidence in economic policy because it is tough to rebuild it. Both experts agreed that it is not the short-term outlook that is unfavorable but what comes after next year's recession.

They also agreed that there is a danger that inflation will remain permanently high in Hungary.

HUPX Joining Serbian, Slovenian Peers in Adex Power

HUPX Joining Serbian, Slovenian Peers in Adex

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.