A glimmer of "dark economy" in the world machine tool industry

At present, the world economy has a rough future, the European debt crisis, and the US economy are weakening. The overall decline of the world economy seems to have become an indisputable fact. According to reports, the IMF’s recently released “World Economic Outlook” report for the second half of 2011 predicts that the global economic growth rate will be 4.0% for the next two years, 0.3 and 0.5 percentage points lower than the June forecast respectively, indicating that the global economic recovery is experiencing new challenge.

The economic downturn has clouded the world economy. Economic growth has become a luxury and has gradually been covered up. However, the world machine tool industry as a beam of dark economy, its growth is exciting. It is understood that the latest research of the industrial machine research company Freedonia Group on the world's machine tool industry shows that the demand for machine tool products such as metal cutting machine tools, metal forming machine tools and machine tool accessories in the world will maintain a strong growth rate of 9.4% per year. By 2014, the global The demand will reach US$121 billion.