When is Euro going to be introduced in Hungary? How are the Hungarian Economy Prospects?
Euro introduction is expected to be done within five years but uncertainty in Hungarian economy performance might have impact on the action. We do not have a crystal ball to see what happens next but changes will be taken place through slow social and economic procedure in long time aspect. Disappointed society with anti-globalism attitude and black economy with political and corporate corruption as well as low income (Average monthly net salary in Hungary = 500 Euro) make the Hungarian Economy prospects questionable in short term. 2010 is the year of new election in April which does not let current and new government time to work on critical issues. All in all, 2010 will not bring any positive outlook of Hungary. 2011 can be the first year when we can see the economic perspectives. In the meantime, making expectations is just simple way of wasting time. Let us hope the best!
Euro introduction is expected to be done within a decade (around 2020) but uncertainty in Hungarian economy performance might have impact on the action. We do not have a crystal ball to see what happens next but changes will be taken place through slow social and economic procedure in long time aspect. Disappointed society with anti-globalism attitude and black economy with political and corporate corruption as well as low income (Average monthly net salary in Hungary = 500 Euro) make the Hungarian Economy prospects questionable in short term. 2010 was the year of election in April which did not let new government time to work on critical issues. All in all, 2011 will bring some positive outlook of Hungary with question marks, of course. 2011 can be the first year when we can see the economic perspectives and new economy’s direction. In the meantime, making expectations is just simple way of wasting time. Experts try to forecast Hungary’s economy and let us hope the best!
