Economic Sentiment

The European Commission has published their Economic Sentiment Indicator (ESI)  today.

The ESI increased by more than five percents in Hungary in December. That’s the second biggest improvement in all of Europe after Croatia.

Economic Sentiment Index

However having charted the data for the last half year for Hungary and Croatia, it appears that  the November data for Croatia is really more like a glitch.    On the other hand we can see a steady trend-like increase for Hungary.

According to William Jackson,  an economic analyst at Capital Economics, one of the biggest analyst houses in the City of London, the new Economic Sentiment Indicator used in Brussels, which  has hit a record high value for Hungary since October 2002, would correspond to a 5 percent GDP growth, so caution is required.  However this may still indicate that our two percent GDP growth forecast for Hungary is too pessimistic,  economic analyst Jackson said.

The London economic analyst department of Bank of America Merrill Lynch announced yesterday that they confirm their 2.6% GDP growth forecast for Hungary this year.  Morgan Stanley has recently revised their forecast  to 2.2% from 1.5%.  JP Morgan has increased their forecast to 2.3% from 2.0% earlier.

Hungary is onto a winner with the much attacked “unorthodoxy”. 🙂


Same-sex “marriage”

Yesterday a large majority of Croatians, 65%,  voted in a referendum to ban the so-called “gay marriage”  and the result means that Croatia’s constitution will be amended accordingly. The left-liberal  Croatian prime minister commented on the outcome of the referendum  in a rather odd way (well, in a truly leftlib way): “this is the last referendum that gives a chance to the majority to strip a minority of its rights.”  It’s really revealing how the so-called “left liberals” think  about democracy, isn’t it?

Why is this news relevant on this blog?  Because Croatia will join Hungary among those European countries whose constitutions define marriage “as a union between a man and a woman”.  Well done, Croatia!    BTW, I highly doubt Croatia will be attacked because of this so much as Hungary was when the new Constitution in 2011 put things right regarding what marriage is meant to be.

Belarus, Bulgaria, Latvia, Lithuania, Moldova, Montenegro, Poland, Serbia and Ukraine ban same-sex “marriage”  in their constitutions, while Albania, Armenia, Azeribaijan, Bosnia, Cyprus, Denmark, Estonia, Gibraltar, Greece, Gurnsey, Italy, Kazakhstan, Kosovo, Macedonia, Malta, Monaco,  Romania, Russia, San Marino, Slovakia, Turkey and Vatican don’t recognize any legal form for same-sex relationships but they don’t have constitutional bans.  Hungary recognizes a kind of legal form,  which is not “marriage”,  similarly to  Austria, the Czech Republic, Finland, Germany, Ireland, Lichtenstein, Luxembourg, Switzerland, Northern Ireland and Scotland.

In contrast, Belgium, Denmark, France, Iceland, the Netherlands, Norway, Portugal, Spain and Sweden legally recognize the so-called “same-sex marriage”. England  and Wales will join this absolutely backwards social trend in 2014.

I’m glad that, unlike Western, Southern and  Northern Europe, at least Central and Eastern Europe  stands firmly in the way of social decadence and decay by calling a spade a spade.  But, as the list above shows, the war isn’t lost in Western and Northern Europe either. Though possibly only  Muslims becoming a majority will restore normality in this question  in these countries. 😦

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