Eurofer Forecasts Modest Growth for EU, World in 2006

January 2006
Metal Center News;Jan2006, Vol. 46 Issue 1, p50
Trade Publication
The article presents information on predictions related to the increased economic growth in all industrialized nations. Eurofer predicts a growth rate of 1.9 percent in the gross domestic product of the European Union countries for 2006. A few European steel sectors have reported substantial improvements from 2005 to 2006. However, growth rates in Japan are expected to be low due to higher oil prices. Further, it is informed that higher energy and commodity prices may be a cause of concern for corporate profitability and also may affect investment levels in this sector.


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