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Market reviews

Pöyry reviews the global economic and key market development of the latest full quarter in the company's quarterly reports. The most recent reviews have been quoted below. The yearly market outlook at the beginning of each year is available in the financial statements releases

Q1/2016: Market outlook

The economic and market outlook for 2016 remains challenging, however there are opportunities in specific segments of the market in Europe, in Asia and in North America. In addition, the quantitative easing programme of bond purchases launched by the European Central Bank in 2015 is aimed at creating conditions for regional and global recovery. Despite the slowing growth in China, the economic growth in the US and the UK is projected to remain robust.

Q4/2015: Market review

Uneven economic developments amongst the major economies prevailed during the reporting period. Growth in the U.S. remained positive, fuelled by strong domestic demand. Low commodity prices, together with persistently low inflation and close to maximum employment rates further supported consumer spending. Excluding Germany, growth in the Eurozone remained weak. Massive quantitative easing actions by the European Central Bank are yet to have the expected positive impact on the economy. Continued sanctions on Russia and slowing growth in China negatively impacted the European export sector.

Q3/2015: Market review

Uneven economic developments prevailed during the reporting period. Growth in the U.S. remained positive, fuelled by increasing domestic demand. Low commodity prices, together with persistently low inflation supported consumer spending. A steadily increasing employment rate improved consumer confidence. Excluding Germany growth in the Eurozone remained weak. Massive quantitative easing actions by the European Central Bank did not have the expected positive impact on the economy, and the Euro remained strong despite of high liquidity and low interest rates. Continued sanctions on Russia and slowing growth in China negatively impacted the European export sector. Persistently high unemployment in Europe weakened domestic demand and slowed down economic growth.

Q2/2015: Market review

The economic situation in the Eurozone remained challenging, albeit some signs of recovery were visible. They were supported by the continued expansive monetary policy by the European Central Bank and the improved export opportunities resulting from the weakening of the Euro. The development between the member states was uneven. Germany’s strong performance continued and was approaching full employment, while the weaker economies suffered from high unemployment driven by low public and private sector demand. In addition, continued low commodity prices restricted the demand for imported goods in the markets that are important to European exporters. On the other hand, the U.S. economy seemed to recover from the transitory slowdown which was driven by adverse weather conditions and continued labour disputes at the beginning of the year. The continued low oil prices supported the domestic consumer spending, further improving the recovery process. The growth in China continued to decelerate.