Q3 GDP came out even stronger in second estimate

HUNGARY - In Brief 06 Dec 2018 by Istvan Racz

KSH's second estimate of Q3 GDP growth was reported at 1.3% qoq, 5.2% yoy, on seasonally and day-adjusted basis, revising the preliminary figures of 1.2% qoq, 5% yoy. The upward revision is no big deal in itself, but the new quarterly GDP total and details allow analysts to revisit their full-year forecasts. The way we see 2018 as a whole is that GDP growth can be hardly less than 4.8%, which beats even the government's 4.3% forecast, which was regarded as overly optimistic by everyone else (including us, but also the MNB) at the time it was first released in the annual Convergence Report b...

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