The purchasing power of the households also supported the higher-than-expected economic growth

In the light of the surprisingly high 3.5 percent GDP growth in this year's first quarter, the analysts say that the Hungarian economy may expand by 2.5-3 percent in 2014.

Gabler Gergely, senior analyst at Erste Bank pointed out that the 3.5 percent annual GDP growth is significantly higher than their expectations of 2.3 percent and the market forecasts as well. (MTI)