Hungary on the upswing but corruption remains a problem | beyondbrics

Hungary on the upswing but corruption remains a problem | beyondbrics:

"Hungary has been pumping out the positive spin on economic news for over a year now.

Back then it was surely premature, but with inflation and the base rate at record lows and economic growth finally appearing – some independent analysts forecasting around 1 per cent expansion this year – there is some evidence to support claims of success.

So Tuesday’s news from Transparency International (TI) that Hungary’s ranking in the annual Corruptions Perceptions Index (CPI) is virtually unchanged from last year would appear, if not good news, at least avoiding further bad headlines of sliding down the slippery slope. After all, the country slipped just one place, to 47 out of 177 states examined, with 54 points on a scale of 100, also just one less than 2012.

Not so fast, warns Jozsef Peter Martin, TI executive director in Budapest."

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