of expansion across both sectors slowed in both Germany and France, dropping especially sharply in the former. Germany saw the weakest rate of growth in two years, while French growth was the slowest since
, ULCs rose in Finland (+0.9%), Germany (+1.4%) and Italy (+0.6%), but fell in Slovenia (-0.1%) and Spain (-0.1%). Outside Europe, ULCs rose in Australia (+0.4%) and Canada (+0.8%), but fell in Korea (-0
falling for the first time since August 2009. In both cases, the declines contrast markedly with strong rates of growth in early-2011.
Output growth slowed to near-stagnation in both Germany and France
%), the Czech Republic and Luxembourg (both 10%).
The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France
as a member of AESC's European and Global Boards of Directors. In 2006 he started the AESC chapter in Germany, Austria and Switzerland, which he led as Chairman until the end of 2011.
Previous AESC award
already be in recession.
Adecco also expects the stronger markets in Europe, particularly Germany which had a good year in 2011, to slow in 2012 although developing markets in Eastern Europe are likely