Economy
January 26, 2014
EUROFER Expects Fragile Growth in 2014 for EU
Written by Sandy Williams
The Eurozone is expected to have mild yet fragile growth throughout 2014 according to the EUROFER Q1-2014 Economic and Steel Market Outlook compiled by the EUROFER Economic Committee (EC). Indicators are pointing towards increased growth for industrial production, an important component for carbon flat rolled steel production in Europe.
GDP has been edging up since Q2-2013 mostly due to strengthening demand for exports. EUROFER’s Economic Committee says “improving domestic demand conditions—supported by the continuation of accommodative monetary ECB policies and less fiscal tightening—suggest that in the course of 2014 economic momentum will gain some strength, to reach eventually almost trend growth in 2015.”
