boost auto manufacturers

As the economy begins to pick up the auto sector is expecting an increase in demand The European economy is behind those of the US and UK in the cycle and some believe that going forward it arguably has more potential for growth. Consumer confidence and the state of the economy are often the key factors in the demand for cars rather than the affordability of the products According to Goldman Sachs Emu is likely to produce real GDP growth of 2.1% for 1999 rising to 2.6% in 2000. This compares with 3.9% for this year in the US falling to 2.6% in 2000. The group also predicts a slow down in ...