BMW 2002 Annual Report Download - page 30
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29
Internal rules for handling data and for the
secure
use of information systems apply throughout
the Group.
Amongst the technical measures taken are
standard activities such as the use of virus scanners,
firewall systems and access controls at operating
system and application level.These measures serve
to protect confidentiality, integrity and authenticity.
Inconsistent markets in 2003
Given the current tense global political situation and
trends on the capital markets, it is difficult to predict
that the world economy will experience a percepti-
ble
and sustainable recovery. The BMW Group be-
lieves that a dynamic change will not occur until the
second half of the year at the earliest. This forecast,
however, is subject to a high degree of uncertainty
and is based on a stabilisation of the worldwide
political situation.
The
BMW
Group believes that the
USA
will
see
a modest economic upswing in 2003 which should
then accelerate in the course of the year. A similar
development is expected in Western Europe, but
with less growth momentum.
The prospects for South-East Asia are generally
favourable. It is uncertain, however, to what extent
the slow economic recovery in the USA and Europe
will curb the upswing in this region.The BMW Group
expects weak economic growth in Japan in 2003.
The economic situation in Latin America is likely to
remain tense in view of the on-going crises there.
Against this background,the automobile markets
will not perform consistently in 2003. In line with the
general expectations of the sector, the BMW Group
believes that premium segments will again do better
than mass volume segments.