$quot;Developing economies are one of the growth drivers of the group.” Those were the closing words of Air Liquide’s Guy Salzgeber, with the recent news that the company had commissioned two new air separation units (ASUs) in Poland.
Poland is just one of a number of developing economies in the Central Europe region, markets that are now said to be established and relatively stable. Interest in the region is growing as both the economies there develop and mature, and the demands of the region grow too.
From an economic and financial point of view, it’s a mixed outlook for the markets of Central Europe.
The International Monetary Fund’s (IMF) World Economic Outlook Update (WEO) of January 2011 explains that the ‘two-speed recovery continues’ as emerging economies recover quicker than the advanced economies. While an air of caution may be prevalent, the IMF’s WEO update says that ‘in many emerging economies, activity remains buoyant’ and for third quarter 2010 in particular, ‘growth in emerging and developing economies remained robust’.
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