Measures taken by the Hungarian government and the National Bank of Hungary, together with the country’s stable banking sector, can help the country avert a crises similar to that experienced in 2008; according the the recently elected head of the Hungarian Banking Association -Radovan Jelašić.
Radovan Jelašić, who is also the CEO of the Regional division of the Austrian Bank – Erste Bank indicated that for Hungary: “Macroeconomic fundamentals are stable, the general government deficit is modest, the banking sector is stable and economic growth was robust until early in March, which gives cause for confidence”.
He added that the Hungarian Banking sector had given its “full support” for the government’s measures in its response to the crises caused by the Coronavirus.