Thursday, June 5, 2014

Hungary Showing Signs of Economic Growth

The Hungarian government’s policies show signs of state capitalism in certain areas, renowned economist Nouriel Roubini told a conference in Budapest on Tuesday.
Roubini mentioned Hungary as an example of state capitalist tendencies in Central and Eastern Europe, where the role of the state increases to the detriment of market-oriented reforms.
On the sidelines of the conference, organised by the Hungarian Venture Capital Association, Roubini told reporters that Hungary had been able to reduce the vulnerability of its economy in a number of areas and that also showed signs of economic growth, but added that the government had a “mixed” approach to foreign owners and suggested that its commitment to foreign investment was questionable.
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Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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