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In the first quarter of 2016 only the GDP growth rate of Greece was slower than that of Hungary. Because of this data, which was worse than expected, GKI lowered its growth forecast for 2016 from 2.3 per cent to 2 per cent; however, the actual growth rate can be even lower than this. Owing to the fall in construction, the decline in investments will be more significant, around 8 per cent. However, due to the rapid increase in earnings, the expansion of consumption may be 3.5 per cent.
