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Business Aircraft Market Forecast 2012 - 2031 - Bombardier

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Figure the #26 forecast<br />

euroPe<br />

Although the collapse of the eurozone was<br />

avoided during 2011, europe is still suffering<br />

from economic difficulties. the sovereign debt<br />

crisis weighs heavily on consumer and business<br />

confidence across the region. Growth differs<br />

significantly between the relatively healthy<br />

northern countries, led by Germany, and<br />

struggling southern countries.<br />

the German economy is performing well<br />

and the strength of its exports has made it<br />

the economic engine of europe. the German<br />

economy is likely to grow in <strong>2012</strong>. At 5.5%, it<br />

has one of the lowest unemployment rates<br />

in europe, according to the oecd, as of<br />

december 2011.<br />

Fleet per 100 Million Population (Log Scale)<br />

10,000<br />

1,000<br />

100<br />

10<br />

1<br />

1961<br />

1971<br />

france is currently facing rising unemployment<br />

and a weak economy. the new french<br />

President, françois Hollande, will therefore<br />

have to address multiple challenges during his<br />

first year. He will seek to recalibrate french<br />

policies regarding the european union<br />

1981<br />

bombArdier business AircrAft<br />

<strong>Market</strong> forecast <strong>2012</strong>-<strong>2031</strong><br />

BUSINESS JET PENETRATION FORECAST – EUROPE<br />

Fleet per Capita vs. GDP per Capita, 1960-<strong>2031</strong><br />

2001<br />

1991<br />

2011<br />

Sources: Ascend, IMF, IHS Global Insight, UN population project, <strong>Bombardier</strong> forecast. Includes Very Light Jets.<br />

<strong>2031</strong><br />

2021<br />

Actuals<br />

<strong>Forecast</strong><br />

100 1,000 10,000 100,000<br />

GDP per Capita ($, Log Scale)<br />

through an attempt to renegotiate the<br />

eurozone fiscal measures.<br />

britain’s economy was weak at the beginning<br />

of <strong>2012</strong>, affected by fiscal austerity and<br />

the lengthened eurozone crisis.<br />

29

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