The vast majority of Hungarians do not support the imposition of further sanctions on Russia
Eighty-nine percent of respondents believe that economic sanctions against Russia are detrimental to both the European Union and the European economy, and 71 percent oppose extending these sanctions to energy sources such as natural gas and oil, according the survey conducted by Századvég in May. The survey mapped the population’s attitudes to the Russian-Ukrainian war.
Brussels’ oil embargo proposal is surrounded by social rejection
Ursula von der Leyen presented the details of the European Commission’s sixth sanction proposal against Russia at the European Parliament’s plenary session on 4 May. The body in Brussels plans that EU Member States should stop importing Russian oil within six months and refined petroleum products by the end of the year. Századvég has examined what Hungarians think about the blocking of Russian oil and natural gas imported to Hungary and the economic consequences of the sanctions imposed on Russia.
The European Commission is not interested in the strategic litigation practice of the left-liberal network, but it would deprive public authorities of Member States of their rights with the help thereof
The European Commission’s proposal for a directive, which was published last week, would deprive public authorities of rights, as – according to Brussels’ interpretation – the work of journalists and civil society actors is made impossible by strategic lawsuits. However, in reality, the technique of the strategic lawsuits that overthrows the sytem is the method used by the left-liberal side, which can be traced back to Saul Alinsky’s former radical communist theorems. NGOs repeatedly use the tool of strategic lawsuits to put political pressure on national governments and destroy public confidence in public institutions.
The war has further weakened the sense of prosperity
According to the survey conducted by Századvég Konjunktúrakutató in April 2022, the sense of prosperity of both households and businesses deteriorated: on a scale between -100 and +100, the value of prosperity index decreased from -4.8 to -7.5 regarding households, while it decreased from -5.1 to -6.8 regarding businesses. As in the previous month, the Russian-Ukrainian war, the related sanctions, and the induced economic effects played a key role in the development of the indicator. However, unlike the previous month, not only have the outlook for the future deteriorated but the perception of the past as well. A substantial improvement in the sense of prosperity is expected when the war ends, and the effects of sanctions cease.
ECONOMIC GROWTH COULD REACH 3.9% THIS YEAR
Average wages could increase by 13.8% in 2022 and 11.2% in 2023, so real wages could increase by 4.1% in 2022 and 4.5% in 2023, on average. Consumption is expected to grow by 3.9% in 2022 and 3.8% in 2023, while investments are expected to expand by 6.0% and 5.7%, respectively. Net exports will be a drag on economic growth in 2022 but will support it in 2023.