Sweden - Southeast Europe News Site

Sweden - Southeast Europe News Site


to the news site of the Chamber of Commerce for Sweden - Southeast Europe in cooperation with Business Sweden and Governments and Organisations in SEE.

A Hungarian Crocodile Dundee

HungaryPosted by Chambers of Commerce Sweden - Southeast Europe Sun, February 09, 2014 13:25:05

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?

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