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Hungary Raises First-Quarter Economic Growth Figure to 2.5%

Hungary’s economy expanded faster than previously estimated in the first quarter, driven by industrial exports bolstering the country’s emergence from its worst recession in nearly two decades.

Gross domestic product grew an annual 2.5 percent, compared with a preliminary 2.4 percent, the fastest pace since the last quarter of 2006, the Budapest-based statistics office said today. Output grew a seasonally adjusted 0.7 percent from the previous quarter, matching the preliminary estimate.