AlHijjah 19, 1432, Nov 15, 2011, SPA -- Hungary's economic output was up an unexpected 1.4 per cent in the third quarter of this year, dpa cited preliminary report issued as saying Tuesday by the Central Statistics Agency. This year-on-year increase in gross domestic product followed a figure of 1.5 per cent for the previous quarter, suggesting a slight deceleration in economic growth. Analysts polled by local financial media had mostly predicted a third-quarter figure of just 1 per cent or less. The larger-than-expected growth was driven mainly by an increase in agricultural and industrial exports, the report said. Hungary's finance ministry is basing its 2012 budget on predicted growth of 1.5 per cent next year, despite a recent EU estimate of a slowdown to just 0.5 per cent.
