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Hungary Growth Accelerates More Than Forecast in 3rd Quarter

Hungary’s economy accelerated more than analysts forecast in the third quarter, boosting annual growth to the fastest pace in more than two years as Prime Minister Viktor Orban prepares for elections.

Gross domestic product rose 0.8 percent from April-June after a revised 0.4 percent in the second quarter, the statistics office in Budapest said today. The median estimate of 11 economists in a Bloomberg survey was 0.4 percent. GDP rose 1.7 percent from a year earlier, compared with the 0.8 percent median forecast.