The data in regard to the European economic growth in 2016 is optimistic, which is a clear sign that the growth will continue in 2017 as well. This means that the intensity of commerce is expected to increase, and so is the demand for freight forwarding services. The European network for logistics provides excellent options for freight forwarding services via its member companies in the different European countries. According to the FocusEconomics committee, the economic growth in the Eurozone is expected to grow by 1.5% in 2017.
IFA offers regular freight forwarding services to all countries with the best developed economy
In the last quarter of 2016, the gross national product for the Eurozone has increase by 0.5%. Germany, France and the Netherlands alone are accountable for half of the gross national product of the Eurozone. The Freight forwarders network provide regular transport services to and from these countries, in order to meet the growing demand for the forwarding of goods and raw materials.
The expectations for the effect from Brexit on the economic relations between Great Britain and the EU
Following the referendum held in June in the United Kingdom, when the majority of the population voted “yes” for leaving the EU, many forecasts are being made for the future of the economic relations between Great Britain and the EU after Brexit is finalized. It is expected that in 2017 there will be lengthy negotiations between both sides. In the meantime, the trade and freight forwarding services to and from Great Britain are ongoing. The member companies of the network of freight forwarders continue to provide freight forwarding services to and from the United Kingdom, including forwarding of small shipments, complete loads, as well as groupage services.
Forecasts for the first quarter of 2017
Globally, 2016 was a year with a moderate growth of commerce. But in Europe, it was intensive, and it is anticipated that it will continue to grow. The expectations for the first quarter of 2017 is that it will be a successful quarter, with an expected growth of 0.4%, despite the fact that a slight drop is being observed during the first few months of the year in comparison to the increase by 1.7% in 2016.
Factors for the successful development, which warrant these positive forecasts
The factors which have a positive effect on the economic development include: a growing sophistication of the labor market, as well as the easy monetary policy. For the countries outside of the EU, a positive factor is the depreciation of the Euro.
Countries which are expected to experience an especially intensive economic growth
The most rapid economic development is expected to occur in Germany, France, Portugal and Spain. Other countries which will join the leading European economies are Ireland, Malta and Luxemburg. The expected economic growth for Spain is 2.4%. The European network for transportation will continue to provide freight forwarding services to and from all of these countries. For countries like Italy and Finland, the expectations for the economic growth this year are for 0.1%. The International freight forwarders network continues to provide various freight forwarding services to these countries as well, including: regular groupage services and specialized transportation services for goods and cargo.
Particularly successful development of the new companies situated in the main European cities
There is a tendency for the particularly successful new start-up companies established in London, Paris, Dublin, Amsterdam, Berlin and Stockholm. Despite the fact that their capital and private investments are smaller than those in the US, this development leads to an increase in commerce and the demand for freight forwarding services. The International freight services provided by the member companies of IFA to these cities will continue to facilitate the commerce of these new start-up companies in 2017 as well.