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Hungarians pessimistic about economy despite positive signs
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08:23, September 17, 2009

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Hungarians queried by Eurobarometer in a multinational survey published on Wednesday continue to be pessimistic about the economy, despite signs of improvement.

Only one in ten Hungarians surveyed felt an improvement in employment was possible. The current jobless rate is 9.7 percent. Thirteen percent thought the economy overall would improve, and about 13 percent think an upswing in their household finances is possible.

At the same time the Budapest Stock Exchange index, the BUX topped 20,000 points on Wednesday, a watershed it last reached back on September 10, 2008.

In a related event, Prime Minister Gordon Bajnai announced that the cabinet had signed code of conduct agreement with 13 banks and other financial bodies, designed to protect consumers from unilateral actions by banks abusing their hegemony.

Mihaly Patay, acting head of the Hungarian Banking Association said the move would improve public trust.  

Source: Xinhua

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