The new report in the Quest Trend Magazine identifies the yearly growth rates of the global industrial production, the most important economic indicator for machinery industry and automation technology. The new report covers countries that absorbed 82% of all machine exports from Germany in 2017. These are the EU, the USA and Japan (61%), the BRIC countries Brazil, Russia, India and China (15%) as well as the MIST countries Mexico, Indonesia, South Korea and Turkey (6%).
The report identifies the annual growth and change rates of industrial production after it had overcome its crisis low in the respective country. The result is sobering. The annual growth rates of industrial production in the industrialised countries are 1.3% per year for Germany, 1.1% for the EU, 1.0% for the USA and 0.3% for Japan.
These growth rates confirm the structural changes that have taken place in the course of industrial production in industrialised countries since 2000. Instead of a previously usual economic upswing after crises, an uneven, sluggish overcoming of the crisis has taken place, in which growth, stagnation and setbacks coexist producing a stagnating or temporarily only slightly growing overall trend. The claim of a "buzzing economy" in the US is a mixture of outdated pattern recognition and wishful thinking. The latter may have contributed to the fact that the level of indebtedness of state, companies and consumers in the USA has reached new highs.
The aggressive policy of the Trump government is acctually not based on an "economic boom in America", but on an increasingly weaker position of the USA, especially vis-à-vis China.
The report also examines the annual growth rates of the BRIC countries, which range from -1.9% (Brazil) to 9.3% (China).
Industrial production in the MIST countries is also mixed, with annual growth rates ranging from 0.8% (Mexico) to 7.2% (Turkey).
This report draws attention to relevant influencing factors for the future development of mechanical engineering and automation technology. It is available on https://www.quest-trendmagazine.com/en/global-economy/outlook/growth-rates-of-worldwide-industrial-production.html
The report identifies the annual growth and change rates of industrial production after it had overcome its crisis low in the respective country. The result is sobering. The annual growth rates of industrial production in the industrialised countries are 1.3% per year for Germany, 1.1% for the EU, 1.0% for the USA and 0.3% for Japan.
These growth rates confirm the structural changes that have taken place in the course of industrial production in industrialised countries since 2000. Instead of a previously usual economic upswing after crises, an uneven, sluggish overcoming of the crisis has taken place, in which growth, stagnation and setbacks coexist producing a stagnating or temporarily only slightly growing overall trend. The claim of a "buzzing economy" in the US is a mixture of outdated pattern recognition and wishful thinking. The latter may have contributed to the fact that the level of indebtedness of state, companies and consumers in the USA has reached new highs.
The aggressive policy of the Trump government is acctually not based on an "economic boom in America", but on an increasingly weaker position of the USA, especially vis-à-vis China.
The report also examines the annual growth rates of the BRIC countries, which range from -1.9% (Brazil) to 9.3% (China).
Industrial production in the MIST countries is also mixed, with annual growth rates ranging from 0.8% (Mexico) to 7.2% (Turkey).
This report draws attention to relevant influencing factors for the future development of mechanical engineering and automation technology. It is available on https://www.quest-trendmagazine.com/en/global-economy/outlook/growth-rates-of-worldwide-industrial-production.html
