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The 2012 barometer opens in a period of economic uncertainty in Europe, with negative GDP growth in the Eurozone despite a range of contrasting situations.
Despite this, European business travel budgets are still growing, albeit slowly, but at an average rate of 0.5 points above GDP, yet again demonstrating the resilience of the market.
Overall, the business travel budgets of the companies interviewed have increased by 1%. Unlike in 2011, small and medium-sized companies enjoy a better situation than large businesses.