subject: World Industry Economy Is Expected To Recover [print this page] It is expected that in the second half of 2012 the global industrial growth is going to decline, but still remains a slow recovery tendency. The traditional industrial growth will slow down, while the emerging industry maintains a rapid growth momentum. The trade deficit in some developed countries continues to increase, whereas the trade growth is about to expand among the emerging nations. Along with the quickening backflow trend of the developed countries, the emerging ones have accelerating the industrial transformation and upgrade, which is bound to lead to fiercer competition among the global manufacturing.
Affected by the constant upgrading from European sovereign debt crisis, the world economy growth in the second half of 2012 will slow down obviously. Moreover, some new circumstances may emerge in the world industry development as well. The recovery momentum in American manufacturing (ore beneficiation) turns out to be evident, but it shrinks in European manufacturing industry obviously. It appears a quick decline in industrial growth in emerging countries.
On 20th, July, the industry trend forecasting group of CCID think-tank world published a report about Analysis and Forecast of the World Industry Trend in the Second Half of 2012. It is pointed out that there exist a lot of profound problems in the global industrial development. It is estimated that in the second half of 2012, the industrial growth is prone to a slight decline, but still maintains a slow recovery. The traditional industry growth will slow down, and the emerging industry will keep a rapid increasing tendency, the trade deficit is about to augment while the trade growth is going to expand continuously among these new countries. Along with the quickening backflow trend of the developed countries, the emerging ones have accelerating the industrial transformation and upgrade, which is bound to lead to fiercer competition among the global manufacturing. Our country is still at the critical stage of industrial transformation and upgrade, therefore taking active actions will do a great help to reinforce the sustainable development capacity of our industry and mean a lot for the global industrial development.
