Future economic environmen

Growth expected. According to Euroframe, the recession has already bottomed out and the global economy will recover again as of 2010. However, the situation has not yet stabilized and the recovery might be curbed again if new, unexpected economic developments were to occur. On the whole, however, economic experts expect the world trade volume to grow by 7.5 per cent in 2010 and 8.4 per cent in 2011, so that the global Gross Domestic Product (GDP) is expected to grow again. According to the Euroframe forecast for 2010, GDP will grow by 2.9 (2009: -1.0) per cent. In 2011, growth is expected to be even stronger at 3.8 per cent.

In our production and sales regions, Euroframe expects the economic performance to recover as of 2010, a trend expected to continue in 2011. [Cross Reference: Chart Gross Domestic Product] The anticipated economic performance is expected to benefit demand and the propensity to invest in the solar sector.