Economists: economic growth should be made sustainable

2014 was a successful year in the Hungarian economy, but it was also due to external factors, and Hungary in terms of innovation, and poverty is lagging behind the European Union. The economic growth should be made sustainable, while the education system should be developed – the opposing economists told at the conference of the Republikon Institute that was held in Budapest on Tuesday under the “The situation and outlooks for the Hungarian economy” name.

Csillag István, associate professor, of the University of Óbuda and former Minister of Economy and Transport stressed that last year was “odd year out” and the Hungarian economy was on “top”, but external factors also helped. The “one-year flash” in his opinion are due to the EU funds, real wage growth, and due to the lending expansion to the corporate and small and medium enterprises. (MTI)