Hungarians are the most pessimistic in Europe
The pessimism of the Hungarians and the inflation in Hungary are both Europe-recorders, even though good news emerged concerning Hungary’s trade surplus.
According to 24.hu, the rate of people spending more than their income every month increased by 20% even though they do not have any savings. That is the main reason why Hungarians are the most pessimistic in Europe. 90% say that inflation will be high in the next half year according to Intrum’s annual European Consumer Payment Report. The document is based on thousands of consumer opinions from 20 countries. Solvency is decreasing in Hungary, slowing down economic growth, Judit Üveges, Intrum’s sales director, said.
Meanwhile, Hungary’s trade surplus reached EUR 708 million in August, widening from EUR 559 million in the previous month, the Central Statistical Office (KSH) said in a first reading of data on Monday. Exports slipped by 1.5% year-on-year to EUR 11.314 billion, falling for the first time in close to two years. Imports dropped by 18.9% to EUR 10.606 billion, declining for the fifth month in a row.
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Trade with other European Union member states accounted for 77% of Hungary’s exports and 70% of its imports during the month. In January-August, Hungary’s exports increased by 8.9% year-on-year to EUR 100.020 billion, while imports fell by 3.2% to EUR 94.390 billion. The trade surplus reached EUR 5.630 billion.
Budget deficit narrows to HUF 3,264.9 billion in September
Hungary’s cash flow-based budget deficit narrowed to HUF 3,264.9 billion (EUR 8.4 billion) at the end of September on a surplus of HUF 33.7 billion for the month, the finance ministry said in a first release of data on Monday. The central budget deficit reached HUF 3,266.0 billion at the end of September and the social security funds were HUF 135.7 billion in the red. Separate state funds had a HUF 136.7 billion surplus.
Generational – carry over in the DNA of millions – the deceased through to present day.
1914 on – for over a century, the repetition of turmoil in Hungary – has NEVER been non-existent, in the lives of Hungarians.
If its not one thing, its been another MASSIVE new challenged, that in the multitude of cases, throughout the period in time 1914 to 2023 – the original challenges, just never appear to have been RESOLVED. that just ADD to, the pile of un-solved PROBLEMS / Challenges as a country.
Hungary either we them bought upon ourselves, or through Governments in Power, that just have constantly repetitiously – made it a practice of THRUSTING them – into our lives, to handle deal and endeavour to live with – that have REPETATIVELY on-going – paint a the factual picture in 2023 of being cataclysmic.
History never Lies – and we go on and on – just WITNESSING the collapse, the demolishing – dismantling – the powers of these forces on human life, occurring inside Hungary, that the weight, over a build up in time post 1914 is visible – from what we know Economically & Financially that they are overwhelming us, and that our FUTURE it could be argued leading us into Perilous position.
We are Hungary a country that is Burdened.
Or very simple: future perspective is grim because of a government which is not democratic, huge inflation, a party which is robbing the country, labor perspective is low because of bad salary, no government investment in Health care and/or Education. But History and Brussel is to blame. I know somebody else who is to blame.