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The opposition Democratic Coalition (DK) has blamed the government’s “erroneous policies” for Hungary’s “deepening economic crisis” and the increasing hardship it puts on people.

László Varju, DK’s deputy leader, told an online press conference on Monday that Hungary’s industrial output per capita had declined by an annual 8 percent in the first half of 2020, citing fresh data by the Central Statistical Office.

The figures translate into a per capita drop equivalent of 143,000 forints (EUR 390), he said.

Meanwhile, the number of people in part-time employment went down to 918,000 in August from 682,000 in January, Varju said, noting that the figure reflected an increase in people who were employed but earned less.

Finance Minister: GDP Could Be Down by 6.4% in 2020
Finance Minister: GDP Could Be Down by 6.4% in 2020

The GDP of Hungary could fall by 6.4 percent this year and economic trends could start to change from the second quarter of 2021 with a vaccine against the coronavirus possibly available by that time, Finance Minister Mihály Varga said at an annual hearing before a parliamentary committee on Tuesday. The finance ministry is working […]Continue reading

“If we look at this figure combined with the number of those unemployed, we can establish that there is a labour crisis in Hungary,” Varju said, calling for immediate measures to help employees, businesses and pensioners.

Featured photo by Szilárd Koszticsák/MTI