Heritage Foundation: Hungary’s economy moderately free

According to a global survey of economies around the world carried out by the American Heritage Foundation, Hungary’s economy is moderately free.

In the category of moderately free economies that runs from 60 to 69.9 points, Hungary scored 66.7 points, 0.9 of a point more than last year, putting it in 55th place from 56th last year.

With over 90 points, Hong Kong was found to be the freest economy in the world on the 0-100 scale.

The Heritage Foundation looked at trade, business operations, the tax system, government spending, monetary policy, investment, the labour market, financial services, private property, and corruption.

The higher the ranking, the more moderate government intervention is, according to the think-tank.

For that matter, a recent survey showed that Hungarians were more optimistic about the economy at the end of 2017 than at any point before during the current government term which started in 2014.

In 2014, some 29 percent of respondents said they were happy with Hungary’s economic condition. The same ratio stood at 43 percent in 2015, at 51 percent in 2016 and at 60 percent at the end of last year.

Featured image: www.facebook.com/TheHeritageFoundation

Source: MTI