Europe's purchase expectations were up slightly this year, at 33 percent and are roughly in line with levels in the previous two surveys. The European share of estimated global five-year demand rose by one point to 18 percent in the 2012 survey. Much of the apparent resilience shown by local operators in the face of eroding economic conditions is actually just the result of geographical definition. Russia, with strong local purchasing ambitions, is included in this region, as are the central and Eastern European states, which are generally more economically robust.Ancillary data from the Western European portion of the region conjure an environment of slowing activity and demand, strongly influenced by complex problems such as higher unemployment, high government debt and negligible growth.
Honeywell Global Business Aviation Forecast Sees Three To Four Percent Average Annual Industry Growth In Next Decade
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