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The Swedish machinery sector has seen many positive developments over the past few years and currently benefits from higher global demand.

Hungary has become a key production base for automotive majors such as Audi, Daimler (Mercedes-Benz), Suzuki and General Motors.

Jordan’s economic growth is expected to accelerate from 3.1% in 2014 to 4.3% in 2015.

In 2015 and 2016 Egypt’s economy is expected to grow by more than 4%, as improved stability in the country will boost domestic demand.

Despite the UAE’s overall diversification, the lower oil price is expected to take its toll on economic growth.

Tunisia’s economy is expected to grow moderately in 2015 and 2016, supported by increased demand from the eurozone.

Saudi Arabia’s GDP growth is expected to slow down to 3.0% in 2015 following a growth of 3.6% in 2014.

An expected rebound in agriculture will lead to higher GDP growth in 2015, forecast to increase 4.6%. Growth is also sustained by increasing exports, mainly to the eurozone.

In 2015, Kuwait's economic growth is expected to decrease to 1.7% due to the lower oil price and decreased oil production.

Concerns in 2014 over an impending crisis in Russia were overblown. But insolvencies have increased and specific industries are affected badly by the ongoing recession.