Kopint-Tárki on Thursday said it lowered its projection for Hungary's GDP growth in 2010 to 1.2% from 1.5%.
Kopint-Tárki chief Éva Palócz said the projection was lowered because of slowing wage growth and a higher rate of household savings. The economic research company changed its 2010 forecast for final household consumption to a fall of 2.5% from a drop of 1.5%, she added.
The government forecasts GDP growth of 0.6% in 2010. The IMF projects the same rate.
Kopint-Tárki left its projection for GDP growth in 2011 unchanged at 3%. (MTI-Econews)