Hungary GDP likely down in Q1 on soft demand and weak forint - analysts

Hungary's economy is likely to have contracted on a quarterly basis in the first quarter of this year due to persistently low domestic demand compounded by a weak forint, London-based emerging markets analysts said prior to the first estimate due to be released on Tuesday. Economists at Goldman Sachs said they expect Hungary's gross domestic product to fall "by about 0.3 percent" quarter on quarter on a seasonally adjusted basis.