Heritage Foundation: depressing opinion about the Hungarian economy

According to the conservative foundation, the most serious problems of the Hungarian economy are corruption and the enrichment of businessmen close to the government. For example, as we already reported, former gas fitter and PM Viktor Orbán’s friend Lőrinc Mészáros collected a more significant fortune in only three years than Habsburgs had 90 years ago. According to hvg.hu, Hungarian state news agency (MTI) only reported about the positive side of the foundation’s 2018 index of economic freedom.

The Hungarian economy improved – states MTI

According to Heritage Foundation’s index, Hongkong became the freest economy of the world again. Compared to the previous year, Hungary obtained a better position – states MTI.

In fact, the institution close to the Trump-administration examined various factors of economy and gave points between 0 and 100 to countries based on the results. It reviewed the state of commerce, enterprises, tax system, government expenses and monetary politics. Moreover, it studied investments, labour market, financial services, property rights and corruption in the countries of the world. A higher number of points means less governmental interference into the economy.

According to their ranking, there are six free economies: Hongkong, Singapore, New-Zealand, Switzerland, Australia and Ireland. These countries have more than 80 points.

Estonia leads the group of mostly free countries while the United States is also in this category.

Hungary is only in the category of the moderately free countries

together with, e.g. France, Turkey, Kosovo, Rwanda or Botswana.