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Gloomy outlook for 2023

December 28th, 2022

Analysts on both sides of the political divide fear that next year will bring further hardships for Hungarians – and the world.

In Népszava, István Dobozi believes that recession in the northern hemisphere is unavoidable, as issuing banks raise interest rates to curb inflation. He is also certain that the war in Ukraine will drag on, though he is uncertain whether the new Republican majority in the US House of Representatives will continue to finance Ukraine’s military expenses so generously. All in all, he sees the war in Ukraine as the most intensive factor in a multifaceted world crisis.

On Mandiner, Mátyás Kohán writes that 2022 has only been a profitable year for foreign policy analysts, as international affairs have overshadowed domestic politics. He also interprets the Ukraine war as the core issue, pushing more mundane domestic political controversies into the background. As he sees it, Russian President Putin knows that he has botched the war, but the big question now is how long he will insist on protracting it. Kohán finds it hard to believe that international affairs will recede into their usual second-rank position any time soon.

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