Takarékbank has lowered its projections for GDP growth in Hungary to 1.7% for 2011 and 1.5% for 2012, department head Zoltán Ádám said at a press conference on Thursday.
The bank’s analysts expect GDP growth to pick up to 2.5% in 2013, Ádám said.
In a projection issued in May, Takarékbank put GDP growth at 3% for 2011 and 3.6% for 2012.
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