Hungarian economy increased over the expectations in the third quarter

According to the August flash report of  the Central Statistical Office (KSH); the gross domestic product stagnated in second quarter of 2010, compared to the previous quarter.

The domestic economy on an annual basis, in the third quarter, increased by 1.6 percent without any adjustment and calendar effect adjusted. In the remainding part of the year, export partners will be in less favorable economic cycle, so the exports may have less importance in growth – said Barta György, economist of CIB Bank to the Világgazdaság Online. Compared to the previous quarter, the economy grew by 0.8 percent in the third quarter – reports Világgazdaság Online.