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Hungary to Cut 2012 Economic Growth Forecast to 0.9%, Index Says

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Nov. 8 (Bloomberg) -- Hungary’s government will probably lower its 2012 economic growth forecast to 0.9 percent from 1.5 percent tomorrow, news website Index reported, citing unidentified sources close to the government.

The slower expansion may cause a 50 billion-forint ($225 million) additional shortfall in next year’s budget, Index said. The central bank expects the economy to grow 0.6 percent in 2012, it added.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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