Research and Markets announces the addition of the "Europe Telecom Insider / Vol. 1, No 4, Edition 6 - Europe's Five-Year IPTV Forecast: Mostly Cloudy, but Temperatures Slowly Rising" report to their offering.
The EU economy, along with that of much of the rest of the world, is in a deep recession, and 2009 is expected to see the first full-year contraction in GDP since the early 1980s. Central & Eastern European countries will generally face greater downside risk than most Western European countries, owing to weak currencies, capital flight, large external liabilities and much higher refinancing costs. WE countries will likely experience a GDP decline (in local currencies) of around 3-5% in 2009, while in CEE countries, GDP contraction will range from -1% in Poland to -15% in Latvia. Under the pressure of the economic crisis, some telecom and media services, such as mobile TV or VoD in some markets, are seeing lower adoption rates, and service revenues are shrinking. Still, not all markets and all services are seeing significant declines. For example, pay-TV subscribers are expected to grow by 8% in 2009 to reach 163.4m across the European region, despite the challenging economic environment.