Hungary’s annual economic growth is likely to have accelerated to well above 2% in the last quarter of 2013, although it may have slowed in quarter-on-quarter terms on the back of an apparently softening industrial output towards the end of last year, London-based emerging markets analysts said ahead of the preliminary GDP data, due to be released this Friday. Economists at Capital Economics, a major London-based global financial consultancy, said on Monday that their GDP tracker model points towards growth of around an annual 2.5% in the final quarter of last year, up from 1.8% in the third quarter. It looks like the economy has benefitted both from a recovery in the export-led industrial sector as well as strengthening domestic demand, they added. London-based emerging markets economists at JP Morgan, a global financial services group, said that seasonally adjusted GDP growth momentum “likely eased significantly” in the last quarter of 2013 to 0.2% quarter-on-quarter from the 0.9% in the third quarter. However, in over-year-ago terms growth probably continued to accelerate to 2.3% from 1.8% on base effects, they added.