Remember that great scene from the movie Crocodile Dundee when some inept mugger tries to pull a knife on the outback hero in New York? “That’s not a knife. That’s a knife.” It might just be the most quoted movie line from the 1980s.
In Forbes magazine they apply that movie line to the economic comparison of Hungary’s recovery relative to Spain’s as quoted by Renaissance Capital saying, ”Spain is getting a fair amount of positive press for its revival despite somewhat moribund numbers; Hungary’s, is on a whole other scale. That’s not a recovery. That’s a recovery”.
The discussion, implying a Hungarian Crocodile
Dundee effect, can be read in detail here. It should, however, be compared to
what the Hungarian´s own economic research institute GKI is saying about the
economic situation and outlook. And as Renaissance Capital also is quoted to say in the Forbes article: “It may be as difficult to profit from Hungary’s recovery, as it was to profit from mugging an Australian tourist in New York in 1986.”
Anyone with a comment on that?