OTP Bank analysts project Hungary’s economy will grow 1% in 2013, deputy-CEO László Wolf said on Friday. The projection compares to an official government forecast for 0.9% GDP growth. OTP Bank’s analysts expect the general government deficit to remain under the 3% of GDP threshold this year, Wolf said. The government targets a 2.7% of GDP deficit for 2013. Hungary’s balance is “excellent,” but the investment rate as a proportion of GDP is “alarmingly low,” Wolf said.
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