Description

Emerging Europe is expected to continue to experience sluggish growth in H1 2013 (H1 denotes the first half of the year) due to the spillover effect of the Eurozone crisis. Investor confidence will remain low. As per the European Union’s prescription, governments are to exercise stringent fiscal measures in order to limit budget deficits. This will bring about a reduction in the domestic consumption as well. The overall 2013 industrial outlook for this region looks gloomy and may show some growth traction later in the year.