Analysts expect a further acceleration of GDP growth in the fourth quarter

By: trademagazin Date: 2013. 11. 14. 12:32

Banking analysts expect a further acceleration of economic growth in the fourth quarter of the year, after the positive GDP datas of the third quarter. According to the Ministry of National Economy, the economic growth has shifted towards a healthier structure, the increase was supported to the export, domestic demand, consumption and investment as well.


According to the flash estimate of the Central Statistics Office (KSH) published on Thursday the gross domestic product (GDP ) rose by 1.7 percent in the third quarter, compared to the same period of last year, while compared to the second quarter the economy 's performance increased by 0.8 percent according to the seasonally and calendar adjusted datas.

According to Balatoni András, senior analyst of ING Bank, the favorable statistic is not a surprise, as the monthly industrial datas indicated increase. (MTI)

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