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Poland's economic growth slowed to 2 pct. in 2012
Tuesday - 1/29/2013, 2:49pm EST
WARSAW, Poland (AP) - Government statistics show that Poland's economic growth likely slowed to 2 percent in 2012, down from 4.3 percent the year before, underlying concerns that one of Europe's fastest growing economies has fallen victim to the region's economic troubles.
The figure, a preliminary estimate published Tuesday by the Central Statistical Office, was in line with the expectations of many economists.
A key reason for the slowdown is a slump in domestic demand as household spending has fallen to what appears to be its slowest rate since the early 1990s, according to London-based Capital Economics.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)