The emerging economies are a source of growth for the industrial gas community, but the European Bank for Reconstruction and Development (EBRD) says that some of these regions will experience modest growth this year.
A recovery this year in the regions where the EBRD invests is expected to be slow, it claims, despite improvements in the world’s most advanced economies including in the US and Eurozone.
Domestic policies will be key to the longer-term outlook.
EBRD economists see growth in the transition region of a modest 2.7% in 2014, virtually unchanged from its November forecast, and after expansion of 2.0% in 2013.
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