
Hungary: An Economic Assessment
The best way to understand the thought leadership behind Hungary’s economic success is to examine the 2016 tax reform, which created perhaps the simplest and most ingenious small-business tax in the world.

The best way to understand the thought leadership behind Hungary’s economic success is to examine the 2016 tax reform, which created perhaps the simplest and most ingenious small-business tax in the world.

The ‘basic inheritance’ is supposed to equalize chances for success in education and facilitate employment, but the reality is more complicated.Â

Emmanuel Macron and German Vice-Chancellor Robert Habeck have both criticized Washington for profiteering from the energy crisis precipitated by the Russo-Ukraine war.

Although some countries have recovered, overall economic activity has been disappointing. To make matters worse, a closer look at capital formation—a.k.a., business investments—and consumer spending suggest that a recession is in fact just around the corner.

Politicians criticise Scholz for seeking a closer relationship with China. In a repeat of its mistake with Russia, Germany could become overly dependent on the economic giant, they warn.Â

The German Retail Trade Federation warned the federal government that as many as 16,000 business could go bankrupt this year in the face of runaway energy prices.

Volatility in prices and yields on the government-debt markets are the second highest recorded since 2009.

Truss seems happy to keep disappointing the right flank of her party. Truss’s approach to immigration may also tank her popularity with voters who expected a government willing to sacrifice the absolute value of GDP for a stronger, more socially cohesive nation.

Fully decked out in Ukrainian colors, von der Leyen took to the EU Parliament’s stage, where she delivered her speech as Ukrainian first lady Olena Zelenska looked on. This year, it was not to be business as usual for the Commission head.

While it is correct that a recession is defined by two consecutive quarters of declining GDP, it is not correct that the American GDP declined two quarters in a row. Unfortunately, all the economists and analysts who made the recession call were wrong.