After many difficulties the Hungarian economy is finally on a good course, and it will hopefully stay there – said Zsigmond Járai in an interview for MTI on Tuesday. The former President of the Hungarian National Bank shared his views after a conference titled ‘Macroeconomic Questions and Potentials’ at the Faculty of Economics, University of Szeged.
Mr. Járai said that while the European Union and the whole world is not in a pristine condition, “Hungary will perform relatively well”. He also added that if the country can sustain a yearly growth of 2-3%, that would be considered a good result. While people may not feel such a small growth, it can be read easily in the numbers.
Zsigmond Járai also talked about specific sectors of the Hungarian economy, stating that currently the main drive behind the growth comes from the country’s export figures, adding that after years of stagnation and recession, the economy once again shows good numbers and unemployment is also on the decline.
Zsigmond Járai was the President of the Budapest Stock Exchange and served as Minister of Finance between 1998 and 2000 under the first Orbán government.