Applied

2014.11.23

3.2 Spain

Reported by Jose-Maria Ortiz, Director General of Association Fabricantes de Equipos de Climatizacion (AFEC), Spain   Background The first priority of the Spanish government in 2013 was to contro...

2014.11.23

3. Special Contributions--3.1 Italy

Reported by Carmine Casale, HVAC&R Consultant, Italy Last year, the Italian HVAC industry was forecast to see moderate improvement in 2014. It now looks as if this forecast will prove true for hyd...

2014.11.23

2.11 Australia

Australia’s real GDP growth in 2013 was 2.4%, down from 3.7% in 2012.   According to BSRIA, its market size for chillers was US$ 103.0 million in 2013, a 7.0% decrease from 2012.   By chille...

2014.11.23

2.10.4 Mexico

The 2013 Mexican economy, plagued by stagnant levels of investment and exports, saw growth of only 1.1%. The economy was also negatively impacted by sluggish performance in the construction sector fro...

2014.11.23

2.10.3 Argentina

Argentina’s real GDP growth came to 2.9% in 2013, higher than in 2012 due in part to strong performance in the country’s agricultural, livestock, and forestry industries.   Argentina’s chiller market scale came to US$ 15.5 million in 2013, a big increase of 29.2% over the previous year, when the market suffered a serious contraction. The reciprocating, screw, and scroll chiller segment, which...

2014.11.23

2.10.2 Chile

Chile is the world’s largest producer of copper, and the Chilean economy was impacted by the drop in international copper prices in 2013. Real GDP growth stood at 4.1%, a slowdown from growth in 2012.   In January 2014, the first International Investment Forum Chile was held in Santiago with 107 companies participating from 18 countries. These companies are estimated to be investing a total o...

2014.11.23

2.10.1 Brazil

Real GDP growth in Brazil came to just 2.5% in 2013. Foreign direct investment fell slightly from 2012, although investment in oil resource development and the automotive sector remained strong.  ...

2014.11.23

2.10 Latin America

Latin American GDP growth stood at 2.6% in 2013. The region is maintaining its recent record of solid annual growth in the range of 3%.   According to BSRIA, Latin America’s chiller market scale ...

2014.11.23

2.9.5 Kuwait

Kuwait’s real GDP growth in 2013 is estimated at 0.8%, a sharp slowdown from the 6.2% recorded in 2012.   Kuwait is expected to draft a fiveyear development plan within the year that includes large public works projects such as building roads and subways. The Japanese Ministry of Land, Infrastructure, Transport and Tourism is working to have Japanese companies involved in developing Kuwaiti i...

2014.11.23

2.9.4 Qatar

Economic growth in Qatar, which had seen many years of double-digit growth, slowed to the single-digit range in 2012. In 2013, Qatar’s real GDP is estimated at 6.1%.   Qatar, the host of the 2022 FIFA World Cup, has proposed to FIFA to build nine new stadiums and renovate three, with the 12 venues divided among seven host cities. According to Qatar’s bid organizers, the stadiums will be zero-...

2014.11.23

2.9.3 Iran

Iran’s real GDP growth was negative 1.7% in 2013, marking the second consecutive year of negative growth. With the election of moderate Hassan Rouhani as president, hopes are growing for economic revitalization and increased business opportunities in the country.   Iran’s market size for chillers was US$ 153.1 million in 2013, a 5.7% decrease compared with US$ 162.3 million in 2012.   Wi...

 
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