Next year EU GDP growth likely to decelerate

Next year, the new 2014-2020 programming period for tapping EU funds will start. This usually leads national governments to make less of an effort to pump money. As a result, fixed investment is likely to decelerate next year and the region's GDP growth will subside. 

"For the Czech Republic, GDP is expected to grow by 4.5% this year, but to slow down to 2.7% next year due to the drop in EU-fund related investment. Meanwhile, the Polish and Slovak economies should remain above 3% while Hungarian GDP is likely to decelerate from 3.3% this year to 2.5% in 2016, according to the Hungarian central bank", said Societe Generale in a report on Tuesday.