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GDP up preliminary 4.5% yr/yr in Q1

Hungary's economy expanded 4.5% year on year in volume terms in January-March 2006 according to unadjusted figures, the Central Statistics Office (KSH) announced in its first estimate for Q1 GDP growth on Tuesday.

GDP growth in January-March was a calendar-adjusted 4.3%. GDP grew a seasonally adjusted 1% compared to Q4 2005.