Industry Revival to Accelerate in the Next Two Years

The ongoing electronics industry revival will gather considerable momentum during the next two years. Global electronic equipment production will transition from a record 9.5% contraction in 2009 to a robust 10.5% expansion in 2011. But the industry recovery will be gradual. Only a 6.5% gain is predicted for 2010.
Double-digit unemployment rates and the need to rebuild ravaged nest eggs will undercut consumer purchases of cars and electronic products.
And profit-challenged corporations awash in excess operating capacity will be in no hurry to invest in new Information Technology hardware.