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Hungarian Finance Minister Péter Oszkó said that the economy was on the path to growth after fresh data showing GDP growth instead of a widely expected contraction in Q1 was published.
Hungary's GDP grew an unadjusted 0.1% yr/yr in Q1 after five quarter of contraction and rose on a seasonally and working-day adjusted quarterly basis now for the second quarter after six quarters of contraction.
Oszkó said that the budget deficit target of 3.8% of GDP for this year was still within reach, adding that it was up to the incoming Fidesz government whether the target would be met. (MTI - Econews)