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European economies growing - which offer the best potential?
The EU economy has started growing again, according to official figures. Following a slow expansion of economic activity during the remainder of 2013, growth is set to become more robust in 2014 and 2015 – so says the Autumn Forecast 2013 published by the European Commission.
However, not all countries are recovering, nor at anything like the same pace. We’ve looked behind the headline news and found which countries are forecast to grow more or less, so you can focus your trading activities.
Generally the Baltic countries will enjoy the best GDP growth over the next two years, with growth estimates for 2014 and 2015 as follows: Latvia 4.1% and 4.2%. Lithuania 3.6% and 3.9%. Estonia 3% and 3.9%. Cyprus is predicted to register the most disappointing economic performance, with a 3.9% reduction in GDP in 2014 and just 1% growth in 2015. Other notable growth estimates for 2014 and 2015 are as follows: UK 2.2% and 2.4%. Germany 1.7% and 1.9%. France 0.9 and 1.7%. Italy 0.7% and 1.2%. Sweden 2.8% and 3.5%. Slovakia 2.1% and 2.9%. Poland 2.5% and 2.9%.