Prospects and forecasts for consumer spending in Europe
Article Abstract:
Consumer spending in the seven largest European economies rose by 2.8% in 1998, with consumer spending replacing exports as the main driving force for economic growth. It is forecast that consumer spending will slow down in most of Europe in 1999 compared with the strong growth seen in 1998. However, consumption will continue to drive economic growth in the medium term. Consumer spending growth of above 3% is forecast in Spain and the Netherlands, but growth of less than 2.5% is anticipated in the UK, Belgium, Germany and Italy.
Publication Name: Consumer Goods Europe
Subject: Business, international
ISSN: 1464-102X
Year: 1999
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Prospects and forecasts for consumer spending in Europe
Article Abstract:
In 1998, consumer spending in Europe increased by 2.6%, with a further 2.4% growth forecast for 1999. The UK, is one of seven countries included in Europe for the purpose of the report, the others are France, Germany, Belgium, the Netherlands, Italy and Spain. Low interest rates are responsible for increasing rates of consumer spending along with better employment and low inflation. An overview of key trends is given along with trends by country.
Publication Name: Consumer Goods Europe
Subject: Business, international
ISSN: 1464-102X
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Prospects and forecasts for consumer spending in Europe
Article Abstract:
In 1998, consumer spending across the seven largest economies in Europe rose 2.9%, compared to 1.9% in 1997. In the year 2000, consumer spending is expected to grow by an average of 2.6% across the European Union. In 1999, Spain and the Netherlands both reported strong growth in consumer spending. An overview of key and general trends is given, along with a breakdown of prospects and trends by country.
Publication Name: Consumer Goods Europe
Subject: Business, international
ISSN: 1464-102X
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
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