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Hungary’s competitiveness improves

October 26th, 2019

Commenting on various international indicators on Hungary’s economy, a pro-government commentator suggests that the government’s policies are working and the Hungarian economy is in good shape.

In the World Bank’s Doing Business global competitiveness index, Hungary ranks 52nd, just up from 51st last year.

In Magyar Hírlap, Ottó Nagy reads the World Bank ranking as an acknowledgement of the effectiveness of the government’s economic policies. He mentions that the improvement in Hungarian competitiveness is due to cuts in employers’ burdens and the measures taken to cut red tape. He adds that according to a recent report by the State Audit Office of Hungary, the government’s efforts to eliminate tax evasion have helped keep the budget deficit low. Nagy also mentions that last week, the IMF also upgraded its forecast on Hungarian GDP growth.

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