The Hungarian economy’s second quarter performance has surprised analysts – according to official data, Hungary’s GDP has grown by 6,5 per cent compared to the same period last year.

The most recent OECD report paints a grim picture of the European economies’ imminent prospects, but thanks to the government’s strategic crisis management, Hungary is set to outperform all of its regional counterparts.

While many countries struggle fighting the crises that are running rampant in Europe, the Hungarian response has managed to shield people from the worst effects of the war.

The International Monetary Fund has advised governments against granting widespread financial assistance amid the energy crisis. While energy companies would continue to enjoy unprecedented profits, average househoulds would be hit especially hard should governments follow the advice.

Through the adoption of the welfare state, or its more extreme form, the entitlement state, western economies took up huge financial liabilities which might hold serious questions for economic policy in the upcoming decades.

The moderation of Budapest’s role is largely due to the high share of infrastructure related public investments which developed Hungarian regions more than the capital.