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Pioneer projects 2% GDP growth this year

Hungary’s GDP growth will be somewhat over 2% in 2011 and inflation will remain above 4%, Pioneer Fund Management Investment Director Gergely Forián Szabó said at a press conference on Wednesday.

Forián Szabó forecast a primary government surplus ─ discounting interest payments ─ of 6% in Hungary in 2011 as a result of the transfer of private pension funds to this state this year.

He said Hungary's annual inflation rate will likely fall below 4% next year.