In many ways, the timing for this month’s focus on the Europe market could not be more apt – growth forecasts in Europe have recently been released and the EU looks set to lose one of its members in the UK as ‘Brexit’ comes to fruition.
Depending on your source or point of view, the mood across Europe is one of economic distress, with alarm bells reportedly ringing issued across various markets and established economies.
EU officials have reportedly slashed their growth forecast for the 19 countries that use the euro, with estimates vulnerable to uncertainties related to slowing growth in China and wider headwinds such as weakening global trade. Speculation over trade tariffs and stand-offs understandably create hesitancy. But the industrial gases business is renowned for its resilience and robustness, such is its fundamental role across so many applications and walks of life, new and existing. So what do we know of the industrial gas markets in Europe today, and what’s new?
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