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Kopint-Tarki cuts growth forecast to 0.3% for 2012

Economic research company Kopint-Tarki on Tuesday said it lowered its projection for Hungary’s economic growth next year from 0.5% to 0.3%.

The government projects GDP growth of 0.5%.

Kopint-Tarki forecasts export growth of 6.0% and import growth of 4.3%.

It sees industrial output climbing 4.0% but it projects a 1.2% fall in household consumption, a 2.0% drop in public consumption and a 5.0% fall in investments.

Kopint-Tarki puts annual average inflation at 4.6%.

Kopint-Tarki puts the average HUF/€exchange rate at 290.

The company expects the general government deficit to reach 3.2% of GDP in 2012, over the government’s 2.5% target.