The European economy has climbed out of recession and, after six years of trauma, appears to be on the mend. The countries that required European Union-backed rescues are beginning to exit from them. However the latest GDP figures released on May 15 by Eurostat indicate that the recovery is very slow and tentative (Chart 1).
Continue reading “German and UK Recovery Boost European GDP – ITTO European Market Report 30th May 2014”Slow Start to 2014 But Prospects are Improving – ITTO European Market Report 15th May 2014
The latest EU trade data indicates that the tropical hardwood market started the year very slowly. In the first 2 months of 2014, EU imports of tropical hardwood logs, sawn, mouldings and plywood were all significantly lower even than in 2013, a year when tropical hardwoods were at a record low in the EU.
Continue reading “Slow Start to 2014 But Prospects are Improving – ITTO European Market Report 15th May 2014”