OECD: positive outlook, with risks

According to the latest OECD report about the Hungarian economy, economic growth will be 3.9 percent in 2019 and 3.3 percent in 2020. The report was presented to the public in Budapest by Alvaro Pereira, director of the country studies branch at OECD’s Economics Department and Gábor Gion, state secretary at the Ministry of Finance. Mr Pareira told: the Hungarian economy is growing rapidly and the employment level is exceptionally high.

The report recommends giving greater independence to municipalities in implementing projects that are good for the local economy. Another suggestion is to solve the problem of the aging population’s negative impact on the economy by raising the retirement age to 65 years until 2022, and to tie it to the development of the life expectancy. The study also points out the necessity of making the healthcare system more effective, in order to be able to reduce the level of public financing in the sector. . //