Debt crisis dampens economic outlook

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.

Media Contact

Mona Okroy idw

Further information:

http://www.ivam.de

All news from this category: Business and Finance

This area provides up-to-date and interesting developments from the world of business, economics and finance.

A wealth of information is available on topics ranging from stock markets, consumer climate, labor market policies, bond markets, foreign trade and interest rate trends to stock exchange news and economic forecasts.

Back to the Homepage

Comments (0)

Write comment

Latest posts

Seawater as an electrical cable !?

Wireless power transfers in the ocean For drones that can be stationed underwater for the adoption of ICT in mariculture. Associate professor Masaya Tamura, Kousuke Murai (who has completed the…

Rare quadruple-helix DNA found in living human cells with glowing probes

New probes allow scientists to see four-stranded DNA interacting with molecules inside living human cells, unravelling its role in cellular processes. DNA usually forms the classic double helix shape of…

A rift in the retina may help repair the optic nerve

In experiments in mouse tissues and human cells, Johns Hopkins Medicine researchers say they have found that removing a membrane that lines the back of the eye may improve the…

Partners & Sponsors

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close