Business Services

Welcome to our latest technology trendwatch newsletter. Since our last issue in September 2011, the market has remained challenging. There is still a great deal of economic uncertainty of course, and this obviously impacts on hiring plans. Generally, attitudes remain conservative, and risk-averse. Of course, a great deal depends on the fate of the Euro. But when we “look under the hood” into CEE, the signals are not so bad. In the wider CEE, our advisors are forecasting GDP growth of between 3-4% this year and next. However, this includes hot spots such as Turkey, Azerbajzan and Kazakhstan. The Visegrad Four (Czech, Slovakia, Hungary & Poland) will likely remain flat this year, rising to an average of about 3% growth next year. These markets are relatively mature, and in my opinion are increasingly similar to Western European economies.

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Quo Vadis?...This is perhaps the most frequently asked question and topic of discussion currently around the board room table. If we had known the answer to this question, we would not have asked it in the first place. We are in the midst of one of the greatest economic upheavals since World War II, the origin of which is said to be the financial services sector. There has been more than a sufficient degree of rear-mirror reviews on the subject matter, and therefore we are devoting this newsletter to a slightly more forward looking preview. We have asked some of our client partners to provide us with their insights, specifically in an emerging Europe context, where the prospects for the year ahead seem rather nebulous.

With special thanks to the contributors, we hope you will enjoy this quarter’s newsletter.

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We gather from our insight and interactions with our clients and market leaders that 2011 has been an "interesting" year for business so far - levels of confidence and positive sentiment were rising consistently during most of the calendar year. However, this confidence has taken a knock in the past few weeks, as uncertainty returned to the markets. Despite the tension, there are still definite prospects for economic growth. In this issue of our Technology Newsletter, we aim to explore these promising markets.

Download pdf Tech_Ezine.pdf

We gather from our insight and interactions with our clients and market leaders that 2011 has been an "interesting" year for business so far - levels of confidence and positive sentiment were rising consistently during most of the calendar year. However, this confidence has taken a knock in the past few weeks, as uncertainty returned to the markets. Despite the tension, there are still definite prospects for economic growth. In this issue of our Technology Newsletter, we aim to explore these promising markets.

Download pdf Tech_Ezine_1.pdf