Market intelligence, trend analysis and forecasts for the Pharma and Healthcare industries across the regions

Economy / United Arab Emirates

European Underperformance Playing Out, But Multi-Industry Opportunities Remain In EMs

September 2010 |

Developed state underperformance remains a recurring theme within our Industry analysis. We remain concerned about US labour market weakness and its impact, particularly on consumer industries. Nonetheless, European austerity continues to validate the view put forward by a number of our Industry teams, that Europe will be the underperformer, with this pessimism also extending to parts of emerging Europe. This is highly evident in our Infrastructure service where we have seen the axing of planned project investment (Czech Republic), severe contractions in Infrastructure production (Greece), weak revenue growth (Colas and Bouyjues) and even Connaught's collapse owing to lack of orders

To read the full article, please choose one of the following options:

Subcribers please log in