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The smaller the economic recession, the faster it is possible to recover from the crisis, so effective and targeted economic protection measures are important, the leading economist in end-of-the-century economic research noted on public television.
István Loránd Szakáli said:
According to his forecasts, the growth rate of the entire economy that characterized Hungary in 2019 will be reached in 2022 at the earliest.
added: dynamic but not immediate recovery expected after coronavirus epidemic.
He also said that the most important issue is that the actors of the economy maintain their ability to act, that is also the purpose of protecting employment.
It also extended the extension of the credit moratorium. Everyone can consider whether they can cancel their loans or be in a position where the use of the credit default is a real liquidity aid and they will only pay on a rescheduled basis after July 1, when we are expected to overcome the crisis, he said.
He also said that a home improvement loan with an interest rate of up to three percent will affect other sectors of the economy by generating demand through the construction industry.
Furthermore, István Loránd Szakáli believed that halving the business tax for small and medium-sized businesses and sole proprietors as of January 1 would help boost the economy.
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