The Plastics Blog
By Don Loepp | About The Plastics Blog

Catching up with the World Economic Forum

By Angie DeRosa | January 28, 2013 02:18 pm ET

Last week, heads of nations convened in Davos-Klosters, Switzerland, for the annual World Economic Forum. Overwhelmingly, there was a sense of calm in the mountain resort town and in markets in general.

The world economy, it seems, has experienced the worst but is fragile and gingerly making a comeback. For this year, the Eurozone will see a decline in GDP; emerging markets will see 5 percent growth and China will see better than 8 percent growth.

But risks of relapse and complacency lead Christine LaGarde, managing director of the International Monetary Fund, to encourage the "do not relax" principle. "Tools that are in the toolbox have to be operational," she remarked during a panel discussion on the ways in which nations have to steer monetary and fiscal policies.

For example, the United States has seen growth pick up and it is continuing movement at a reasonable pace. In the third quarter of 2012, its GDP expanded 3.1 percent compared to the second quarter's 1.3 percent. The United States has to be savvy with medium-term decisions on its debt trajectory, for example, to guide it through its fragile state.

Emerging markets will have to rebalance their business models to gear for more domestic consumption and less reliance on exports.

A more aggressive approach has been taken by Japan, where officials issued a statement (PDF) on Jan. 22 on overcoming deflation and achieving sustainable economic growth. Its three-prong approach includes bold monetary and flexible fiscal policies with an eye on revitalized economic growth. Those revitalization efforts include concentrating resources on innovative research and development, strengthening the country's foundation for innovation, carrying out bold regulatory and institutional reforms and making better use of the tax system.

If you weren't able to catch any of the coverage from the WEF, it's worth trying to do some catch up. At this link, you can check out all that is available including podcasts, blogs and videos. Separately, make sure to check out the Technology Pioneers, those companies identified as such for the WEF.

(Thanks to Angie DeRosa, Plastics News' conference producer, for today's post.)


Recent Blog Posts

More reshoring success stories with Wal-Mart connections   August 21, 2014 6:11 pm ET
Small country introducing plastic coins   August 20, 2014 10:48 am ET
Plastics company CEO speaks out on immigration reform   August 11, 2014 12:15 pm ET
Toyota cutting its fabled 'andon' cord   August 6, 2014 10:04 am ET
Coal-to-olefins may not be an immediate threat   July 31, 2014 10:56 am ET
Who are the fastest growing pipe, profile and tubing extruders?   July 28, 2014 3:09 pm ET

Comments

Catching up with the World Economic Forum

By Angie DeRosa

Published: January 28, 2013 2:18 pm ET
Updated: January 28, 2013 2:26 pm ET

Post Your Comments


Back to story

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events