Migration as an
urban phenomenon
Dynamics and Consequences
In the past 50 years, migration has mostly been defined as the movement of people from the developing world to countries that are members of the Organisation for Economic Co-operation and Development (OCDE), particularly Western Europe and North America. The most recent Pew Research Center data (from December 2022) states that 86.7 million international migrants […]
Economic sentiment stagnated in February
The prosperity index remained in negative territory, determined by the prolonged Russia-Ukraine war and the uncertainty caused by economic sanctions. An even more significant improvement in the sense of prosperity will be possible if the war ends, inflation remains in the central bank’s target range (between 2% and 4%), the interest rate environment becomes […]
We must move away from the preconception that all rural places are the same –
New Rural Development Paradigm 1
Hungary’s population trends over the past decade show that natural decrease is, to varying degrees, prevalent throughout the country, while the more developed and industrialised parts of the country have experienced population growth as a result of internal migration. However, migration from less developed regions is not only due to economic or labour market […]
Creative added value –
The state of the creative economy in Hungary
Today, creativity is the key competitive advantage of strong economies. It is the added value that determines the attractiveness of a product and is the main driver of purchases. For example, the iPhone smartphone is manufactured outside the US, but analysis[1] shows that design, branding, iOS platform or iStore development account for nearly two-thirds […]
The growth rate of the Hungarian economy has
slowed down
At its January meeting, the Monetary Council of the central bank continued to cut both its policy rate and its base rate, as it had done the previous month. As a result, the Hungarian base rate (and the policy rate) currently stands at 10.00%, down 75 basis points. Both raw data and calendar-adjusted data show […]
The growth rate of the Hungarian economy
continued to approach its historical trend rate
At its November meeting, the Monetary Council of the central bank continued to cut both its policy rate and its base rate, as it had done the previous month. As a result, the Hungarian base rate (and the policy rate) currently stands at 11.5%, down 75 basis points. Raw data show that retail sales decreased […]
Household economic sentiment improved significantly in January
The prosperity index remained in negative territory, determined by the prolonged Russia-Ukraine war and the uncertainty caused by economic sanctions. An even more significant improvement in the sense of prosperity will be possible if the war ends, inflation continues to fall, the interest rate environment becomes more favourable and energy markets see sustained low […]
