We have just published our generation market forecasts for the 3 largest European economies: France, Germany and the United Kingdom. Due to the coronavirus and the resulting recessions, generation spending in Germany, France and the UK will fall by 5% to 7% by 2020 compared to 2019 grades at best. We also think that the UK will be the highest vulnerable of the 3 countries, with the prospect of a deeper drop of 9% in 2020 and continued, albeit slightly less negative, growth that will fall in 2021.
While generation spending in France and Germany may be reduced due to economic weakness in the rest of Europe and the United States, their generation markets are more likely to revel in modest recoveries by 2021. In the 3 countries, the effect of Coronavirus on generation expenditure will vary according to its pandemic management technique, its economic stabilization programmes, and pre-existing economic and political conditions.
The UK generation market will be the weakest in 2020 and 2021.
The French generation market will fall in 2020, but with a recovery forged in 2021.
The German generation market has the most productive outlook for a small and brief decline.
This article was written by Vice President, Senior Analyst Andrew Bartels, and gave the impression here.
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