Analysts: GDP growth exceeded expectations again

The 5.3 percent growth of gross domestic product (GDP) in the first quarter is higher than theexpectations of the market analysts interviewed by MTI, who expect a gradual slowdown in the coming quarters.

The Central Statistical Office (KSH) published its first estimate on Wednesday that gross domestic product (GDP) increased by 5.3 percent according to the raw data, while seasonally, calendar-adjusted and balanced GDP growth was 5.2 percent in the first quarter of this year, compared to the same period of last year. In the previous quarter, economic growth was 1.5 percent, seasonally adjusted and balanced. (MTI)