Contents:

• Businesses' perception of labour shortage

• Hungarian exports and imports steadily increase

• International trends

Contents:

• Hungarian National Bank: Hungary’s competitiveness needs to be improved

• Educational attainment and prejudice

• International trends

Contents:

• Results of the IEER Business Climate Survey October 2017
• Possible Impacts of Automation on the Hungarian Market Labour, 2012-2016
• Characteristics of key labour market indicators in Hungary
• Savings and Risks are Growing in the Household Sector
• International trends

The following summary comprises the latest results gained from the largest representative survey series on the Hungarian labor market. During the study 6832 company leaders’ answers on employment, on the company’s business situation, and on the company’s future expectations were registered and analyzed. The history of the survey series targeting short-term expectations of the labor market goes back to the years following the regime change of 1989-90 in Hungary. The latest survey in this research program took place between September and October, 2017 as the tenth occasion of the collaboration between the Hungarian Ministry for National Economy and the Institute for Economic and Enterprise Research (IEER) to forecast the short-term economic prospects of the private sector, and to review corporations’ labor market decisions in an empirical study.

Contents:

• Education and Subjective Well-Being
• Summary of the WEF Global Human Capital Report 2017
• International trends

Contents

• Education and Life-Expectancy
• The possible consequences of US protectionism on European economy
• International trends

Contents:

• Results of the IEER Quarterly Business Climate Survey – July 2017
• Donald Trump’s planned financial deregulation
• International trends

In this brief analysis, the current Russian economic characteristics are demonstrated through macroeconomic indicators, and the Russian-Hungarian trade relations are also examined. The Russian economy had a crisis due to the decline of the oil prices and the sanctions against the country that started in 2014; at the end of 2016 a slow recovery could be observed. The economic performance is still highly dependent on the oil trade which means a risk for the country. Russia’s long-term growth potential regardless of the currently expected short-term boom is not significant, primarily because of the low and decreasing productivity.

The results of the latest IEER SME Outlook business climate survey reveal that the business confidence significantly increased compared to the previous quarter: the Business Climate Index rose from 18 to 24 points. Thus, the decreasing tendency that started in January 2017 has been broken.

This paper examines the level of poverty among Hungarian seventh grade students and its effect on their future education plans. The data is based on the answers to a self-administered questionnaire of more than 9000 students from a research conducted by the Institute for Economic and Enterprise Research (IEER) in 2015. We find that a large group of students are deprived of basic necessities and that poor children plan to finish their studies earlier than non-poor children. Using mixed-effects regression models controlling for other possible factors affecting further education plans we show that the negative effect of poverty is substantial.