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GERMAN COMPANIES' ASSESSMENT OF HUNGARIAN ECONOMY POSITIVE

 

The “vast majority” of German-owned companies in Hungary have given a positive evaluation of their own business as well as of the state of the local economy in an annual survey conducted by the German-Hungarian Chamber of Industry and Commerce (DUIHK). A little more than one-third of chamber members expect their business to do better, while one-sixth see it doing worse. In relation to the outlook for the national economy, the balance between members’ “better” and “worse” answers was negative for the first time since 2013. One in three companies plan new hires, down from over half a year earlier. Fully 40% want to invest more than in 2018, while one-sixth plan to scale back investments.