Sunday 13 April 2025 09:16 GMT

Atlantic's Anne Applebaum Needs To Repeat 3Rd Grade Math


(MENAFN- Asia Times) “Hungary is now one of the poorest countries, and possibly the poorest, in the European Union. Industrial production is falling year-over-year . Productivity is close to the lowest in the region. Unemployment is creeping upward. Despite the ruling party's loud talk about traditional values, the population is shrinking,” alleges Anne Applebaum in the March 31 edition of The Atlantic .

There is not a single fact correctly stated in this diatribe, which purports to diagnose in Hungary's national conservatism a dire forecast for Trump's America. The arithmetically challenged Ms. Applebaum might consider repeating 3rd grade and learning arithmetic.

Most of Europe is in or near recession, and Hungary can't escape the impact of Germany's industrial downturn. But Hungary's performance has been at or near the top of its peer group under the Fidesz Party, which came to office in 2010.




Graphic: Asia Times

The World Bank calculates GDP in terms of purchasing power parity, adjusting the raw data to reflect what people actually can buy with their income. On this basis Hungary's per capita GDP is higher than Greece or Poland; among its peer group, it lags the Czech Republic and Slovenia.

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