EY: CEOs’ optimism grows regarding Hungary’s economy
In line with global trends, Hungarian CEOs are more optimistic about economic growth, and expect headcounts and Hungary’s M&A market to expand, EY said today during a presentation of the findings of its Capital Confidence Barometer survey.
Four out of five Hungarian CEOs expect economic output to grow or be stable in the future, a figure that has risen by approximately 20% as compared to findings a year earlier, the survey shows.
Approximately 45% of the survey’s respondents said they were planning to hire more in the next 12 months, while 70% of the Hungarian companies that responded are planning to expand their businesses, above the global average of 33%. Some 55% of respondent companies said they are more optimistic about receiving better credit, EY reported.
In terms of M&A, the next year seems to be a busy one as 45% of the companies surveyed said they are planning to engage in a merger or acquisition in the coming 12 months, therefore M&A figures for the next year are expected to increase.
In relation to the business strategy for next year, respondents foresee digitalization as having the greatest impact, EY said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.