Home / Knowledge / News / Textiles / Business body senses optimism in cloudy outlook
Business body senses optimism in cloudy outlook
06
Dec '08
The economic crisis which has enveloped the economies across the globe has not differentiated between developed and developing countries. As much as the smaller economies are feeling the brunt, so are the biggest economies experiencing so. Switzerland, one of the most industrialized countries is also sensing the heat.

But the survey conducted by the Swiss Business Federation, begs to differ on the outlook painted by economists who have projected zero growth rates in 2009. The survey depicts a optimistic outlook for next year with many domestic companies confident of posting growth in 2009, while the rest expecting the worst to be behind them by the first half.

According to findings from the survey, unemployment levels are expected to climb to 3.2 percent next year from the 2.5 percent in the on-going year. But optimism was drawn from the expected cuts in interest rates leading to a boost in consumer spending. The federation has been able to pick bright spots from the over all black and cloudy picture.

According to the Federation, they foresee hard times for the textile and machinery sector, but expect other sectors like consumer goods, watches and luxury goods to move at a slower growth rate than that achieved in 2008. The body sees a mix of positive and negative growth rates among different sectors but was unanimous in the fact that the high growth rates were a thing of the past.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search