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Half of Hungarian managers see end to decline in own segment in 12 months

About half of managers at Hungarian companies expect the declines in their own segments of the economy to end within twelve months, a survey by consultancy Ernst and Young shows.

One-quarter of these managers saw their segments turning around within six months.

Only one-fifth of managers said their company's financing position had improved in the last six months.

One -third of managers surveyed said they were confident the economy as a whole would start to recover within a year.

The survey was of managers at 40 Hungarian companies.