Key Business Centres to Be Hit Hard by Recession
Summary
The extent to which economic activity and employment falls in each city depends on a number of factors, not least the exposure each has to international financial services. Economic activity in Europe's largest cities, and in international financial centres in particular, is driven by a mixture of domestic demand and the impact of world credit and investment cycles on financial services activity.
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Extract
Key Business Centres to Be Hit Hard by Recession
The nature and depth of the European recession means that all of the Eurozone's main business centres face a period of economic contraction. The extent to which economic activity and employment falls in each city depends on a number of factors, not least the exposure each has to international financial services. Having a relatively large manufacturing sector is also a factor in some cities as expo...
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