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IMF forecasts 0.6% GDP growth for Hungary in 2010, in line with gov't projection

Hungary's economy is set to grow 0.6% in 2010, after contracting 6.3% in 2009, the International Monetary Fund (IMF) said in its fresh World Economic Outlook published on Wednesday.

The GDP growth forecast is in line with a recently updated projection by the National Economy Ministry.

The IMF expects Hungary's economy to expand 2.0% in 2011.

The outlook puts average annual CPI at 4.7% in 2010, also the same as the National Economy Ministry's projection. The IMF projects CPI will fall to 3.3% in 2011.

The IMF sees the unemployment rate falling from 10.8% in 2010 to 10.3% in 2011. (MTI-Econews)