Hungarian government thinks the recession is avoidable

Hungary’s economy is expected to avoid recession and grow by 1.5 percent this year, the head of the Prime Minister’s Office told a regular press briefing on Thursday.

Gergely Gulyás said that the government saw curbing inflation, protecting jobs and avoiding recession as its priorities in 2023.

Long-term growth requires ongoing industrial and agricultural development, and energy is key to that process, he said.

The government focused on energy strategy in a recent three-day cabinet meeting, he said. In the national energy strategy until 2030, presented at the meeting by Energy Minister Csaba Lantos, nuclear energy will continue to have a key role in Hungary, along with the development of solar energy and energy networks, Gulyás said.

food store spar price inflation in hungary
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Source: MTI

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One comment

  1. Gergely Gulyas – the Head of the “Yes” Prime Ministers office – has got the Economic & Financial behaviour over post February 2020 – embarrassingly WRONG.
    WRONG – through inability to perform with competence in his Ministerial position?
    WRONG – that comments predictions he continues to MAKE, the “Puppet on a String” – that is Drenched in the Orban “creed” of politics – are they the Orban – Party Line, just “throwing” out there in the piling heap of PROPAGANDA – the Falseness – that FLOODS us as civilians of Hungary?
    Hungary – we will GO into a Recession.
    The BIG picture – what as a country are we going to PROVIDE – that builds a WALL – to STOP our COLLAPSING economy and currency – what WALL can we BUILD that sees us AVOID being RECESSIONPROOF?

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