Economics
Hungary Economic Growth Slows More Than Forecast on Agriculture
- GDP expanded 2.3% in July-September, slowest in nine quarters
- Stagnant construction output adds to challenges to economy
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Hungary’s economy expanded at the weakest pace in nine quarters as agricultural production dropped and construction output stagnated, underscoring risks to the government’s ability to maintain the country’s growth momentum.
Gross domestic production rose 2.3 percent in the July-September period from a year earlier, the slowest pace since the second quarter of 2013, the Budapest-based statistics office said in a preliminary report on Friday. The median of 12 estimates in a Bloomberg survey was for a 2.5 percent gain. The economy grew 0.5 percent from the second quarter.