Analysts: the GDP data caused a negative surprise
The analysts evaluated the 0.9 percent GDP growth of the first quarter (compared to the same period of last year) as a negative surprise.
Virovácz Péter, ING’s macro analyst said that the first-quarter data is far behind the expectations of the pessimistic market expectations. The structure evolution of the gross domestic product (GDP) cannot be seen, but according to the expectations and the commentary of the Central Statistical Office, the downturn in the construction industry took back the economy's performance – he added. (MTI)
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