Péter Szijjártó, Minister of Foreign Affairs and Trade, said it is crucial to restore “common sense and normality” in the approach to the global economy to avoid a long-term slowdown, adding that the OECD could play a key role in this.
“We want to avoid a long-term global economic slowdown,” Minister Szijjártó told a joint press conference with OECD Secretary-General Mathias Cormann, according to a ministry statement. “We believe that this requires restoring common sense and normal thinking to the global economy”. “This common sense and normal way of thinking is in no way compatible with initiatives aimed at isolating the Eastern and Western economies,” he said. “It is incompatible with turning the cause of the green transition into a kind of political and ideological monopoly, with treating energy cooperation as an ideological issue rather than a practical one, and with pro-war political strategies,” he added. Instead, Minister Szijjártó said, everything must be done in the interest of restoring cooperation based on mutual respect between East and West. He said this cooperation assumed a world trade based on fair competition. This, he added, should not restrict tax competition and should include responsible growth strategies in which environmental protection and the improvement of competitiveness go hand in hand.