Can the interest rate be lower? – Here is the VOSZ answer!

By: Trademagazin Date: 2024. 02. 07. 11:59

In Hungary, the intensive, wide-ranging and permanent decrease in inflation has been going on for months, and the increase in consumer prices no longer exceeds the average level of the region. The recession that lasted for a year is already a thing of the past and our external balance indicators show an improving trend, so recovery and healthy growth can begin. However, this also requires the normalization of the credit market as soon as possible!

Last year was clearly overshadowed by the runaway inflation, and our entrepreneurial community was among the first to mention – also in connection with the VOSZ Barometer entrepreneurial mood index – the extreme price increase as the country’s most important economic problem. During the year, there were those who shouted profit inflation and greed inflation, but for the vast majority of companies, the reality of 2023 brought suffering and recession.