In this Thursday, Dec. 6, 2012, photo, aa new washer is displayed in the appliance department at a Sears store in North Olmsted, Ohio. U.S. demand for long-lasting manufactured goods rose sharply in December on strong gains in volatile aircraft orders. But companies slowed their orders of goods that signal investment plans, indicating manufacturing could stay choppy in 2013. (AP Photo/Mark Duncan)
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In this Thursday, Dec. 6, 2012, photo, aa new washer is displayed in the appliance department at a Sears store in North Olmsted, Ohio. U.S. demand for long-lasting manufactured goods rose sharply in December on strong gains in volatile aircraft orders. But companies slowed their orders of goods that signal investment plans, indicating manufacturing could stay choppy in 2013. (AP Photo/Mark Duncan)
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In this Thursday, Dec. 6, 2012, photo, flat screen televisions are displayed at a Sears store in North Olmsted, Ohio. U.S. demand for long-lasting manufactured goods rose sharply in December on strong gains in volatile aircraft orders. But companies slowed their orders of goods that signal investment plans, indicating manufacturing could stay choppy in 2013. (AP Photo/Mark Duncan)
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In this Dec. 6, 2012, photo, an employee walks through the appliance department at a Sears in North Olmsted, Ohio. U.S. demand for long-lasting manufactured goods rose sharply in December on strong gains in volatile aircraft orders. But companies slowed their orders of goods that signal investment plans, indicating manufacturing could stay choppy in 2013. (AP Photo/Mark Duncan)
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In this Thursday, Jan. 10, 2013, photo, traders work on the floor of the New York Stock Exchange. Stocks opened lower on Wall Street on Tuesday, Jan. 15, 2013, as concerns about the government’s finances intensified, offsetting a report that showed retail sales rose in December. (AP Photo/Richard Drew)
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In this Friday, Nov. 16, 2012, photo, employees work at a shipping area of Generac Power Systems, Inc., one of the largest makers of residential generators in the U.S., in Whitewater, Wis. U.S. companies increased their stockpiles a steady pace in November from October, responding to a solid increase in sales.The Commerce Department said Tuesday that business inventories grew 0.3 percent in November, matching the October gain. (AP Photo/Nam Y. Huh)
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In this Thursday, Dec. 20, 2012, photo, holiday shoppers walk past a large Christmas tree at Fashion Island shopping center in Newport Beach, Calif. U.S. consumers increased their spending at retail businesses in December, buying more autos, furniture and clothing. (AP Photo/Chris Carlson)
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FILE - In this Wednesday, Dec. 12, 2012, file photo, a couple descend an escalator while shopping at an H& M store, in Atlanta. U.S. consumers increased their spending at retail businesses in December, buying more autos, furniture and clothing. (AP Photo/David Goldman, file)
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In this Tuesday, Nov. 13, 2012 photo, the container ship HS Bach is shown docked at the Port of Miami. The U.S. trade deficit expanded in November to its widest point in seven months, driven by a surge in imports that outpaced modest growth in exports. (AP Photo/Wilfredo Lee)
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FILE - In this Tuesday, Dec. 11, 2012 file photo, an advertisement in the classified section of the Boston Herald newspaper calls attention to possible employment opportunities in Walpole, Mass. Economists forecast that employers added 155,000 jobs in December, according to a survey by FactSet. That would be slightly higher than November's 148,000. The unemployment rate is projected to remain at 7.7 percent. (AP Photo/Steven Senne, File)
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In this Wednesday, Dec. 12 2012 photo a job seeker leaves his contact information with a potential employer during a job fair in New York. More Americans sought unemployment benefits in the last week of 2012, though the winter holidays likely distorted the data for the second straight week. (AP Photo/Mary Altaffer)
Poland's economic growth slowed to 2 pct. in 2012
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.
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