The Continent Breaks Into A Run

Growth is picking up, but can it match America's streak?

Heinz Greiffenberger can hardly believe it's true. Sales at his north Bavaria machine and gear company, about $100 million a year, had been seesawing as Europe struggled to break out of the recession that hit in 1990. But he forecasts that after falling 7% in 1996, sales will soar this year by up to 15%. "There's a new, more optimistic attitude," says Greiffenberger.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.