European HR services sector receives a positive prognosis

HR Europe Spot On

Economic recovery across the Eurozone is gaining momentum, indicating more positive times ahead for the region’s HR sector. Following a period of uncertainty and inflationary pressure, along with a tight labor market that saw companies halt recruitment and employees not changing jobs, central banks are expected to loosen their monetary policy, bringing more optimism going forward. We explore these forecasts and their knock-on effects for the HR industry in Europe in our latest Spot On.

Economic indicators suggest that the decline in GDP growth has bottomed out and recovery is on its way, following uncertainty and inflationary pressures in 2023 and the first half of 2024. The Eurozone’s expected economic recovery is gaining momentum with inflation on a downward yet irregular path, and central banks anticipated to continue lowering policy rates. TOM VAN DE MEIRSSCHE, HUMAN RESOURCES EUROPE SPECIALIST, OAKLINS

Our HR Europe specialist, Tom Van de Meirssche, looks at key macroeconomic indicators including GDP growth, the Services PMI and unemployment. He also delves into the M&A market for the HR sector, which has shown both resilience and caution in the recent economic landscape.

In addition, the newsletter includes two case studies covering transactions where various Oaklins’ teams in Europe acted as exclusive advisors, and provides an overview of selected deals closed between January and September this year, along with valuation trends.

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