Raiffeisen sees improved outlook for GDP

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Raiffeisen Bank analysts have revised their projection for Hungary's GDP this year from a 0.5% contraction to 0%. Chief analyst Zoltán Török said the farm sector could add as much as a full percentage point to growth if the harvest is good. He added that low inflation could allow room for further rate cuts, creating an interest environment supportive of economic growth, he added. Hungary's government recently lowered its projection for 2013 GDP growth from 0.9% to 0.7%.

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