Measurement & Instrumentation

Path to Economic Recovery is Bumpy

by Jessy Cavazos 08 Feb 2010
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While for the past few quarters, we have seen clear signs of economic recovery in general, information about to be released later this week on the performance of some of the major economies in Europe in the last quarter of 2009 cast doubt on the reality of this recovery actually taking place. 

While Spain remains in recession (no surprise here), Germany, who was expected to lead the recovery of the European region, hardly grew at all in the fourth quarter of 2009. Same story for Italy. The economic recovery witnessed in the first half of 2009 may have been the direct result of stimulus measures and, as those run out, it is likely to slow down.

The silver lining here though is that it is just slowing down. Recovery is still happening albeit at a slower pace. For test & measurement manufacturers, this means that end-users will remain cautious with their CAPEX and 2010 will be a bumpy ride. 

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