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Barclays Capital expects growth to decelerate to 1.6% in 2013


Barclays Capital has lowered its forecast of economic growth in Poland this year and next, citing weaker-than-expected GDP growth in the second quarter and deteriorating outlook for public investment and private consumption. The company now expects the Polish economy to expand by 2.3% this year, compared with the previously forecast 2.7%, and by 1.6% in 2013, rather than 2.1%.

Barclays Capital, which also cut its growth forecasts for the Czech and Hungarian economies (both are now expected to contract in 2012), is anticipating a more anaemic recovery in the eurozone in 2013 than previously thought, of 0.3% rather than 0.5%, following a slightly deeper contraction projected for this year (-0.5% instead of -0.4%).

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