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August 2, 2017
European market for tropical wood slows again
Although overall economic conditions are improving in Europe, growth in key countries and sectors for the tropical hardwood sector is subdued and weakening in some cases. The European Commission currently forecasts GDP growth in the EU to remain level at 1.9% in both 2017 and 2018. However, private consumption, the main growth driver in recent years which expanded at its fastest pace in 10 years in 2016, is set to moderate this year as inflation partly erodes gains in the purchasing power of households. Investment is expected to expand fairly steadily ...
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