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Global Economic Outlook: 2015 Western Europe

Global Economic Outlook: 2015 Western Europe

Western Europe is expected to experience positive growth in 2015. While France and Italy are likely to level out contraction and experience the first signs of growth, other major economies, such as Spain, Germany, and the United Kingdom, are anticipated to gain further growth momentum.

The region’s manufacturing sector is expected to perform well in 2015 when compared to the last 􂀀recessionary years. Increasing external demand due to the strong growth in the United States and Asia, accompanied by equally robust domestic demand in Spain and Germany, will fuel growth in Europe in 2015.

Exports will continue to serve as the main engine of growth in Spain, Germany, and Italy. However, over-dependence on exports alone will cost a few of the major economies (for example, Germany) their immunity against the economic volatility in the region.

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Western Europe is likely to see improved growth in 2015 when compared to previous years. Increasing external demand, due to the strong growth in the United States and Asia, and strong domestic demand, are likely to steer the manufacturing sector towards a positive growth trajectory. Despite exports continuing to remain the primary engine of growth across Western Europe, over-dependence on the same is likely to result in poor immunity against the economic volatility in the region.


  • Executive Summary
    • Executive Summary-Regional Highlights
    • Executive Summary-Economic Growth Trends, 2014
      • Table GDP Growth Rate by Country, Western Europe, 2014 and Q1 2014-Q4 2014
    • Executive Summary- Regional Growth Sentiment, 2015
    • Executive Summary-Industry Outlook, 2015
  • Definitions
    • Definitions of Indicators and Measurements
    • Definitions-Geographic Coverage
  • Regional Insights and Trends-Western Europe
    • Economic Growth Trends
      • Table GDP Growth Rates, Western Europe, 2014-2017
    • Europe-Effects of the Sovereign Debt Crisis
  • France
    • France-Key Performance Indicators
    • What's Trending over 2015 in France?
    • France-Industry Indicator Scorecard
      • Table Industry Growth Rate, France, 2011-2015
    • France-Industry Performance
  • Germany
    • Germany-Key Performance Indicators
    • What's Trending over 2015 in Germany?
    • Germany-Industry Indicator Scorecard
      • Table Industry Growth Rate, Germany, 2011-2015
    • Germany-Industry Performance
  • Italy
    • Italy-Key Performance Indicators
    • What's Trending over 2015 in Italy?
    • Italy-Industry Indicator Scorecard
      • Table Industry Growth Rate, Italy, 2011-2015
    • Italy-Industry Performance
  • Spain
    • Spain-Key Performance Indicators
    • What's Trending over 2015 in Spain?
    • Spain-Industry Indicator Scorecard
      • Table Industry Growth Rate, Spain, 2011-2015
    • Spain-Industry Performance
  • The United Kingdom
    • The United Kingdom-Key Performance Indicators
    • What's Trending over 2015 in the United Kingdom?
    • The United Kingdom-Industry Indicator Scorecard
      • Table Industry Growth Rate, UK, 2011-2015
    • The United Kingdom-Industry Performance
  • Conclusion and Key Takeaways

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