Expect robust Q1 GDP data tomorrow

HUNGARY - In Brief 14 May 2019 by Istvan Racz

Analysts expect 5.1% yoy GDP growth by unadjusted data for Q1 to come out from the KSH tomorrow at 9am BUD time. This would be unchanged from Q4 2018 and contrary to everyone's forecast that growth would slow down markedly in Hungary, following the European trend, this year. Even though there have been signs of deceleration recently in retail sales (as rising inflation is eating into the real value of stable and rapid nominal wage growth), exports and tourism (as the economy is indeed cooling in Europe), domestic industry and construction appear to be very strong and even accelerating. In Q...

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