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Market review

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Interim report Q3 2014: Market review

Global economic recovery progressed at a different pace in each of the main economies. Political tensions caused by the Ukrainian crisis and in the Middle East persisted and had a negative impact on economic prospects and investments. In the U.S. the economy was gaining momentum, supported by recovering domestic demand. As a consequence, the US Central Bank was tightening its monetary policy in an effort to contain inflation, whereas the European Central Bank pursued quantitative easing measures, concerned by early signs of deflation. The Brazilian economy continued to struggle due to the lack of structural reforms and delayed investment decisions driven by the political uncertainties amidst the presidential elections.

Interim report Q2 2014: Market review

The global economy in the reporting period was characterised by slower than expected growth in both the developed and emerging economies. Political uncertainties in the European and Middle Eastern regions had an impact on the economies in these geographies, while North America was poised to benefit from improving consumer and corporate sentiment. Different monetary policies aimed at actively supporting European economic growth or addressing inflation in countries such as Brazil. 

Interim report Q1 2014: Market review

The economic outlook in Pöyry’s key domestic markets and business sectors during the first quarter remained generally uncertain. Northern Europe, the European energy sector and recent political developments have been raising concerns. In spite of these facts, underlying demand developed steadily. However, increasing competitive pressure required attention and clients’ decisions on larger investments in particular have been prolonged.

Full year result report 2013: Market Outlook 2014

The economic and market outlook for 2014 is cautiously optimistic. At the end of 2013 there was improving global growth both in the manufacturing and service sectors. The leading indicators in December showed an expansion in new order volumes backed by improving employment data. This indicates that the rise in economic activity extends into 2014. Global GDP-growth is also projected to increase slightly.