While the first signs of economic recovery were visible early 2013, it was not until the final quarter before the majority of the key economic indicators turned towards recovery. Recently the ECB raised the forecasted economic growth for 2014 to +1%, while the CPB increased
their growth projection to +0.75% in 2014 and +1.5% in 2015. Despite the relatively small figures, the effect of these outlooks and the accompanying positive newspaper headlines already contributed to a further increase in consumer confidence, to an increase in household spending, to a growth in volume of private sector investments and a positive purchase managers index.
Source : Savills