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In Europe, economic growth in Germany is expected to slow further, with industrial production still looking weak, impacted by the ongoing decline in global trade volumes. In France, internal pressures on the economy are easing, but external risks continue to loom. In the UK, the Government has delayed Brexit once again and a leadership change further complicates the economic outlook. Nevertheless, we expect demand for offices in Europe to remain above the long-term trend. Coupled with the prevailing low supply environment across the region, this should continue to support rental levels in most key office markets.
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07 August 2019