GROWTH OPPORTUNITIES THROUGHOUT EUROPE – EPTDA ECONOMIC OUTLOOK REPORT
The majority of the countries in the European countries have expanding economies. Europe Industrial Production during 2017 rose for the fourth consecutive year, increasing 3.2% compared to the 2016 level. Production is also growing at an accelerating pace year-over-year during 2018, but a transition to slowing growth is likely during the first half of this year and it is expected that the pace of growth will be moderate in 2018 compared to 2017. Both Eastern Europe Industrial Production and Western Europe Industrial Production are expanding, up 5.6% and 2.5% on a year-over-year basis, respectively.
Take advantage of the accelerating growth trends now but avoid linear budgeting. Use the upcoming period of slowing growth to assess which, if any, segments are no longer profitable and eliminate them.