Hungary healthcare unsuited to demographic growth, central bank chief says

Portfolio
"We do not understand that given the current working of the public healthcare system, we cannot achieve a demographic turnaround, György Matolcsy, Governor of the National Bank of Hungary (MNB) said in an brief summary on the success of politics and economic policy in Hungary in recent years, published on Növekedés.hu. Matolcsy also covered why the country used to be unsuccessful earlier in his view.
Hungary healthcare unsuited to demographic growth, central bank chief says
Portfolio's Private Health Forum 2019 conference is coming up!


In a break with current public discourse, the central bank chief also talks about areas that are not successful and require further measures.

We understood a lot of things after 2010, but not everything that is required for successfully closing the gap,

Matolcsy wrote on convergence. "We comprehend the world of money, we evaluate the forint, we reduce sovereign debt, we provide ample liquidity for the economy, we do not force the issue of joining the euro area, we do not welcome outside advice on austerity, and we maintain a predictable financial environment," the head of the MNB added.

In his view, however, we understand the new challenges of technology to a smaller degree. "We do not yet understand that without a turnaround in competitiveness, import capital landing in Hungary can only operate as an island because it has nothing to attach to," he stated.

We also do not understand that without top universities ranked among the top 200 globally, new technology will not be able to sustain convergence, according to Matolcsy, who then closes by stating that reversing demographic trends will not be possible under the current healthcare system.

More in Economy

europai unió magyarország zászló
October 21, 2019 12:38

Hungary's public debt to jump, as country loses two key cases

Versus Eurostat in accounting issues

mnb
October 21, 2019 11:49

Winds have changed - How will the Hungarian central bank react?

Monetary easing in the next few months may be on the cards

draghi190911
October 21, 2019 08:14

Investors to keep an eye on Hungary rate decision

Outgoing ECB president to hold last session this week

kórházi folyosó
October 21, 2019 07:48

Health training in Hungary to be moved between ministries

From the EMMI to the ITM

STA_4344
October 17, 2019 15:25

Hungary central bank VP: "Many have misjudged inflation but we were right"

Nagy calls for renewal in banking

D__AS20191011007
October 17, 2019 13:17

Karácsony to take action for greener Budapest

City's debt should be consolidated according to new mayor