Economics
Slowing Polish Economy May Force Tusk to Ease Budget Cuts
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Poland’s slowing economy is putting pressure on Prime Minister Donald Tusk to ease deficit cuts to avoid the fate of other European Union nations where austerity measures to tackle the debt crisis helped suffocate growth.
Tusk’s Cabinet approved a revised 2013 budget after the economy expanded at the slowest pace in 11 quarters in the three months through June, the government’s office said in an e-mailed statement. Growth will ease to 2.2 percent instead of a previously forecast 2.9 percent, according to the statement, which didn’t release a new deficit target.