2014 witnessed a further year of slow or declining output across the Western European electronics industry. Hopes of a sustained recovery failed to materialise as the on-going problems in the Eurozone re-surfaced and economic growth stalled in the second half of the year. West European electronics industry output for electronic equipment declined by 0.2% in 2014 and followed a more substantial fall of 3.4% in the prior year. After three years however, there are once again signs that the economies of Western Europe are beginning to show the potential for a sustained economic recovery. In combination with demand from emerging markets, albeit at a potentially slower pace than in previous years, this should support a recovery in electronics output in 2015 with stronger growth in the second half of the year accelerating in 2016 and 2017.
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