President of the Hungarian National Bank complained at The Economist

According to napigazdasag.hu, Gyorgy Matolcsy wrote a letter the editor in chief of the British The Economist. The President of the Hungarian National Bank (MNB) criticized that the Hungarian macroeconomic indicators, which have become favorable unlike the previous ones, are not published by the newspaper for some reason.

“On the one hand, as the regular reader of your paper for several decades, on the other hand, as an active economic policy specialist, I would like to express my dissatisfaction” says the letter, which was sent by Gyorgy Matolcsy to the editor in chief of The Economist. The President of the MNB said, he follows the newspaper’s analyses about macroeconomical and financial market processes using a wide range of actual data with great interest. In the interpretation of these articles, summary tables at the end of the journal are helpful, which provide the reader with several essential information in 2 pages.”

“However, I was surprised in connection with these tables, that contrary to the previous practice, Hungary’s macroeconomic indicators have been missing since your issue released on April 25 – the letter says. Gyorgy Matolcsy recalled that the world economic crisis in 2008 reached the Hungarian economy in an extremely vulnerable state. The government formed in 2010 started a comprehensive stabilization and reform program, which aimed the restoration of Hungary’s financial situation and the restart catching up. The President of MNB mentions that the measures contained several non-traditional steps and almost constantly stood in the forefront of international attention. The newspaper analyzed the Hungarian political, financial, economic and social events in several longer articles in recent years. Additionally, there were summary tables at the end of the journal, which made Hungary comparable with the other countries.