Oct. 4 (Bloomberg) -- Deteriorating business sentiment in European markets and a projected slowdown of growth in the U.S. is weighing on economic prospects for Europe, Standard & Poor’s Ratings Services said today in a report.

S&P now forecasts GDP growth in the eurozone to be 1.1 percent in 2012, compared with 1.5 percent in its earlier projection. For the U.K., S&P expects GDP growth rate of 1.7 percent in 2012, slightly below its 1.8 percent projection made in August.

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