RTL: Unemployment will increase significantly by end-2022 in Hungary
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Restaurants, shops, baths, and cultural institutions close one after the other in Hungary because of the skyrocketing energy prices. That may result in an increasing unemployment rate in the country. Meanwhile, based on the most recent news, Hungary’s minister of finance projects a 20 percent inflation. Furthermore, the budget deficit will remain high, and there will be an economic recession.
RTL Klub said that the labour shortage companies complained about during summer is gone. They attracted workers with exceptionally high salaries in the travel, catering and trade sectors, which boosted inflation. However, high salaries, and utility costs result in shop and restaurant closures, so unemployment rate is increasing in Hungary again.
The inflation rate is higher than the EU’s average in Hungary. Based on Eurostat, it is 18.6 percent annually. However, that is much higher in the case of foods. For example, bread is 65 percent more expensive than last year. That rate is only 20 percent in the European Union.
Read alsoGloomy prospects: government calculates with 20% inflation
Milk and dairy products prices also rose in the last few months in Hungary by 50 percent, while the EU average is only around 20 percent in that case. Experts say that the trend will continue, and until August, food prices may rise by 15 percent.
“When the Yoke is Broken,
the BURDEN is Removed”.
Hungary – how much evidence does the country need to know who its Yoke and Burden is.
Hungary – the continuation of the trending Nadir we are in, what depth are we prepared to SINK to ?
The “move on” and away – from Hungary – gathers RAPID momentum pace, principally younger qualified and those talented individuals – who don’t hold “bits of paper” but are qualified Hungarians -in their Professions.
This is cataclysmic for the FUTURE of Hungary and there is NO end in sight, that will see this Move on & Out of Hungary exodus, in the immediate or short/long term.
Future – Quality of Life – Opportunities – Fairness of Renumeration – just few questions – growing in the heads of Hungarians – of all age brackets – SURPRISINGLY.
Soul destroying and heartbreaking.