EY: CEOs’ optimism grows regarding Hungary’s economy

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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.

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