July 8, 2015
By Rechelle Tangcangco
These results constitute a quantitative outcome that should be read with consciousness of the uncertainty surrounding the market. This uncertainty primarily stems from the technological transition affecting the industry, which often turns into reluctance to invest in new projects. Looking forward, the negative macroeconomic outlook should be considered as well. The Greek crisis has cast doubts on the stability of the Eurozone, triggering a vicious cycle in the foreign exchange markets. The euro has depreciated whereas US dollar and Sterling have appreciated, undermining the exports of UK and US companies.