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Thu, 01-May-2025 - 09:40:20 ---- The fact: 230,780,121 visitors done.
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Editor's Page
Previous editor's page: 7/2003

After Iraq war

It is May already and the Iraq war over - at least according to President Bush. Unfortunately the slow time seems to continue within Tube and Pipe industry. The first two months of the year were good - especially in USA but then came the Iraq war and it seems that everyone is just waiting to see what will happen.

While there can be also other reasons than the war, but the fact is that manufacturing has been slugging, companies are concerned about all kind of spending and American workers are still losing jobs because of excess capacity and higher productivity.

It doesn't go too good in Germany either. According to country's top economic institutes the German economy will be probaly grow only 0.5% this year and 1.8% next year, with the public sector deficit reaching 3.4% of gross domestic product this year and 2.9% next year. The unemployment rate may reach as high as 10.4% this year. Investments are suspended and my guess is that nothing will happen before fall comes. Perhaps not even then.


SARS

So now there is also SARS problem. It is hitting especially hard to the airline and tourism industries, but naturally people are concerned about it everywhere. Of course the worst situation remains within Sout-East Asia. According to World Bank the economic growth within Sout-East Asia's will slow by about one percentage point from last year's as SARS cuts tourism and hurts commerce.

Now there is lots of uncertainty in the world and it effects to the Tube and Pipe Industry also. I wish I would have the crystal ball to see how long we still need to wait before the better times will return. The positive matter that I have seen is that the traffic at TubeNet has been pretty good still and the rate of enquiries keeps high as normal.

Cheers,
Juha



Copyright © Juha Haapala. All rights reserved.
Unauthorized use is strictly forbidden





















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