In recent months, both the growth of Hungarian GDP and the rise in price levels have been faster than previously thought. The strained relationship with the EU is now causing economic losses due to delayed access to reconstruction funds and other EU resources. The confrontational EU policy of the government, its loose fiscal and income policy and the tightening of the central bank, which is mainly verbally strong, but actually manifests itself in the interest rate hikes, all point to a policy that is not sufficiently consistent, subordinated to short-term electoral goals and pushing balance of payments considerations into the background This is unlikely to change before the elections. However, the possible more serious consequences of the fourth wave of the pandemic, which has already begun, could entail a slowdown in the rate of growth and price increases now assumed.
After its big jump in April, GKI’s economic sentiment index was slowly rising in the sum-mer months, and then it switched to stagnation by September. According to a survey conducted by GKI with the support of the EU, the months-long improvement in business expectations was only within the statistical margin of error in September, while consum-er expectations deteriorated slightly for the third month in a row. The GKI economic sen-timent index corresponds to its level at the end of 2019, i.e., before the crisis.
In the past few weeks in the context of the COVID-19 pandemic, the issue of hospital bed
numbers has been once again in the spotlight. The overwhelming majority of health
politicians agree that in healthcare, a shift of focus is necessary from specific secondary
care to more cost-effective outpatient care and one-day surgery. In line with this trend, in
the Central and Eastern European region (except Poland), hospital bed capacity per
hundred thousand inhabitants decreased in 17 years until 2017.
According to the Hungarian Central Statistical Office (HCSO), the concentration of
incomes among Hungarian households practically did not change in the past 10 years,
despite rapid economic growth.
After its big jump in April, GKI’s economic sentiment index was slowly rising in the sum-mer months. According to a survey conducted by GKI with the support of the EU, busi-ness expectations also improved slightly in August, while consumer expectations contin-ued to worsen somewhat in August.