The performance of the global economy in 2010 was beyond the expectation of most people. According to the latest forecast of the International Monetary Fund (IMF), the global economy is expected to grow by 4.8% in 2010, which is significantly better than the 3.1% predicted in September 2009.
On the occasion of the end of the year, we can not help but worry: Will the year 2011 be the same as in 2010, in the stormy sea?
From a global point of view, the development of the global economy since the financial tsunami can be called semi-V type. Specifically, due to the impact of the financial tsunami, the global economy has experienced a free fall, and it has declined by 0.6% in 2009. However, with the support of government incentive policies and stockpiling by various countries, the economy recovered rapidly in 2010.
These strengths will be significantly weakened in 2011, and growth will slow slightly, but they will not fall into a secondary recession.
What is the situation in the textile industry in 2011? In 2011, the textile industry faced the difficulties and opportunities for coexistence.
With the economic downturn in Europe and the United States, global textile consumption will not increase. With loose monetary policy and supply and demand support, raw materials prices will increase steadily next year, which will also affect the cost of textiles and thus affect the profits of enterprises.
The rapid economic recovery in Asia, driven by China's leading economy in the region, increased domestic demand and people's consumption. The state of consumption has shifted from the “quantity consumption†stage to “brand consumption.†This is also a big business opportunity for the textile industry next year.
In the ever-changing market, companies must have the sight of farsightedness, meticulous strategies, innovative capabilities, the determination of reforms, and the boldness of their commitment to becoming invincible!
On the occasion of the end of the year, we can not help but worry: Will the year 2011 be the same as in 2010, in the stormy sea?
From a global point of view, the development of the global economy since the financial tsunami can be called semi-V type. Specifically, due to the impact of the financial tsunami, the global economy has experienced a free fall, and it has declined by 0.6% in 2009. However, with the support of government incentive policies and stockpiling by various countries, the economy recovered rapidly in 2010.
These strengths will be significantly weakened in 2011, and growth will slow slightly, but they will not fall into a secondary recession.
What is the situation in the textile industry in 2011? In 2011, the textile industry faced the difficulties and opportunities for coexistence.
With the economic downturn in Europe and the United States, global textile consumption will not increase. With loose monetary policy and supply and demand support, raw materials prices will increase steadily next year, which will also affect the cost of textiles and thus affect the profits of enterprises.
The rapid economic recovery in Asia, driven by China's leading economy in the region, increased domestic demand and people's consumption. The state of consumption has shifted from the “quantity consumption†stage to “brand consumption.†This is also a big business opportunity for the textile industry next year.
In the ever-changing market, companies must have the sight of farsightedness, meticulous strategies, innovative capabilities, the determination of reforms, and the boldness of their commitment to becoming invincible!
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