The survey on the perspective of enterprises about the recession had been repeated in June 2009 by Institute for Economic and Enterprise Research.We provide analysis not only on the general characteristics of enterprises and different indicators of conjecture, but also on borrowings, foreign currency risks and financial disciplines of enterprises and the preventive actions they took in order to avoid the negative effects of the recession. The two datasets are available free of charge at the following web addresshttp://www.ola.gvi.hu/.

The results of the analysis revealed that the Hungarian enterprises take several preventive actions in order to avoid the negative effects of the recession. Companies with foreign ownership share and export-oriented companies are usually very adaptive to the new conditions. The analysis also reveals that one part of the enterprises were so extensively affected by the recession that they were technically forced to find every possible way to reduce the negative effects. This is why those companies who were involved in layoffs, most probably previously tried other ways to avoid the worst case scenario such as part-time working, reducing salary, delaying investments, or downsizing certain services. As such, layoffs and other downsizing programs are in auxiliary connection.

The key findings of the research were introduced to the public by giving a presentation in English at CIRET/KOF/GK Conference, Workshop on Sentiment Indicators and the Current Crisis on the 9th November 2009. See also: https://www.ciret.org/workshops/budapest/program. The analysis, the power point slides and the survey of the research (from March and June) can be found and downloaded in the appendix.