Uncertainty surrounds the seemingly improving economic environment in Hungary

Budapest, June 25, 2024. The economy is on the upswing again, but European business leaders are only moderately optimistic in the current environment. The survey reveals that they are positive about the opportunities that arise, since the high inflation that has developed after the epidemic situation in recent years shows a downward trend: in the Eurozone, it fell to 2.4 percent from the previous peak of 11.1 percent. Despite all of this, they envisage a slow rising process, since the inflationary pressure has not stopped even now. In addition, the optimism can be explained by the fact that 27 percent of the interviewed company managers claimed that their income exceeded their expectations in the recent period. In Hungary, 25 percent of those interviewed reported that their income exceeded expectations and 32 percent that the numbers were as expected.

The optimism of European companies is also revealed by the fact that more than half of the surveyed companies see opportunities for domestic growth in the next two to three years. This shows agreement between Hungarian companies and the European average, as almost the same proportion of Hungarian companies think about domestic expansion in the in the near future. The development of new digital business models and digitization is a real objective for most companies.