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East European Growth to Slow More on Euro Region, Capital Says

Eastern Europe’s economic growth is set to slow further because of a deteriorating outlook in the euro area, the region’s largest export market, Capital Economics Ltd. said.

The east’s second-quarter slowdown was triggered by austerity and falling economic confidence as households hold back on consumption and companies run down inventories faster on concern demand will fall, William Jackson, a London-based emerging-markets economist at Capital, wrote today in an e-mailed note.