World Economy’s Center Shifts East with Growth Outpacing the West [Video]

President of the National Bank György Matolcsy (R) and PM Viktor Orbán

At the Budapest Eurasia Forum organized by the Hungarian National Bank, Prime Minister Viktor Orbán highlighted the significance of Eurasia’s economic and cultural unity while addressing the challenges facing Europe in an era of shifting global power. The politician emphasized Hungary’s independent strategy and the need for timely decision-making to secure its place in a changing world.

Viktor Orbán opened his remarks by stressing that the 21st century marks the rise of Eurasia as a dominant economic and political force, with Asia leading global growth and innovation. He noted that modernity has moved beyond being solely a Western concept, stating that

the center of the world economy has shifted eastward, with eastern economies growing four times as fast as western economies.”

The Prime Minister also criticized Europe’s declining influence, pointing out that European innovation has stagnated and Europe …