Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Debt crisis dampens economic outlook

05.10.2011
Executives in the microtechnology industry expect that the debt crisis in Europe and the U.S. will slow economic development.

This is what experts stated in a survey on the current debt crisis and its possible impact on the economy, which the IVAM Microtechnology Network has conducted in late September.

Just over half the industry experts (53%) assume that the economy will stagnate over the next six months. But some of them say that only a number of industries and specific regions may be affected by a new recession. While the economy may stagnate, or even shrink, in the U.S. and Europe, the experts are predicting continued growth in emerging economies such as China, India, Russia and Brazil.

Being a suppliers industry, the microsystems industry very much depends on the business of their customers. While many microtechnology business owners have confidence in the saleability of their own products and technologies, they are sometimes unsure about their customers business, which may make them more pessimistic about their business prospects than the present market situation actually calls for.

New recession a self-fulfilling prophecy?

Almost one third (29%) of the experts are certain: the economy will continue to grow, though perhaps not as much as predicted earlier in the year. The economy is still well off, they say, but might be affected by a mood of pessimism and the indecision of politicians how to address the debt crisis. The experience gained from the economic and financial crisis in 2008 have made some decision makers careful and reluctant to spend or invest.

Whether political decisions will have an impact on the economic development or not, is a question the experts disagree about. While some think a right course in Euro politics is a prerequisite for ensuring a stable economic situation, others hope the economy will develop independently of political decisions – simply according to the market situation.

Mona Okroy | idw
Further information:
http://www.ivam.de

More articles from Business and Finance:

nachricht Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik

nachricht RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Overdosing on Calcium

Nano crystals impact stem cell fate during bone formation

Scientists from the University of Freiburg and the University of Basel identified a master regulator for bone regeneration. Prasad Shastri, Professor of...

Im Focus: AchemAsia 2019 will take place in Shanghai

Moving into its fourth decade, AchemAsia is setting out for new horizons: The International Expo and Innovation Forum for Sustainable Chemical Production will take place from 21-23 May 2019 in Shanghai, China. With an updated event profile, the eleventh edition focusses on topics that are especially relevant for the Chinese process industry, putting a strong emphasis on sustainability and innovation.

Founded in 1989 as a spin-off of ACHEMA to cater to the needs of China’s then developing industry, AchemAsia has since grown into a platform where the latest...

Im Focus: First real-time test of Li-Fi utilization for the industrial Internet of Things

The BMBF-funded OWICELLS project was successfully completed with a final presentation at the BMW plant in Munich. The presentation demonstrated a Li-Fi communication with a mobile robot, while the robot carried out usual production processes (welding, moving and testing parts) in a 5x5m² production cell. The robust, optical wireless transmission is based on spatial diversity; in other words, data is sent and received simultaneously by several LEDs and several photodiodes. The system can transmit data at more than 100 Mbit/s and five milliseconds latency.

Modern production technologies in the automobile industry must become more flexible in order to fulfil individual customer requirements.

Im Focus: Sharp images with flexible fibers

An international team of scientists has discovered a new way to transfer image information through multimodal fibers with almost no distortion - even if the fiber is bent. The results of the study, to which scientist from the Leibniz-Institute of Photonic Technology Jena (Leibniz IPHT) contributed, were published on 6thJune in the highly-cited journal Physical Review Letters.

Endoscopes allow doctors to see into a patient’s body like through a keyhole. Typically, the images are transmitted via a bundle of several hundreds of optical...

Im Focus: Photoexcited graphene puzzle solved

A boost for graphene-based light detectors

Light detection and control lies at the heart of many modern device applications, such as smartphone cameras. Using graphene as a light-sensitive material for...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

Munich conference on asteroid detection, tracking and defense

13.06.2018 | Event News

2nd International Baltic Earth Conference in Denmark: “The Baltic Sea region in Transition”

08.06.2018 | Event News

ISEKI_Food 2018: Conference with Holistic View of Food Production

05.06.2018 | Event News

 
Latest News

Carbon nanotube optics provide optical-based quantum cryptography and quantum computing

19.06.2018 | Physics and Astronomy

How to track and trace a protein: Nanosensors monitor intracellular deliveries

19.06.2018 | Life Sciences

New material for splitting water

19.06.2018 | Physics and Astronomy

VideoLinks
Science & Research
Overview of more VideoLinks >>>