Prospects For The Development Of The Global Industrial Textiles Industry

Although the global financial crisis has been around for 6 years since 2009, it is still hard to guarantee a strong return to the global economic expansion.

The risk of the world economic downturn has been more evident in 2015, and more striking than ever.

Developed economies such as the United States, Japan and Europe.

The situation has improved.

But in 2015, the growth of emerging and developing economies slowed for the fifth consecutive year.

It reflects that the outlook for 2016 is not optimistic for some emerging economies (such as China) and some oil exporting countries (such as Russia and Saudi Arabia).

In 2015, the growth rate of global GDP was 3.1%, which was 0.3% lower than that of 2014.

GDP growth in the United States dropped slightly in 2015 to 2.2%, down 0.2% from 2014.

The fall of GDP in 2015 is predictable. To a large extent, for a strong dollar, it makes the United States more expensive to export to foreign markets.

During the fourth quarter of 2015, many American companies reduced their investment relatively, because the economies from Europe to China, South America and Africa were all suffering from their own growth and reduced overseas demand.

The economic recovery in the euro area has been sustained over the past two years.

Domestic demand is still expected to be the driving force for economic recovery, which depends mainly on fiscal consolidation, low oil prices, and a weak labor market.

In 2014, the GDP growth rate of the 19 countries in the euro area was 0.9%, while this growth rate reached 1.5% in 2015, and the GDP growth rate in 2016 is expected to reach 1.6%.

In 2015, China's economy experienced a difficult journey.

According to information, China's GDP growth rate was 6.8% in 2015, the lowest growth rate since 1990.

As the northern recession is already on the brink of recession, the industrial sector has been hit hard.

In 6~8 months of 2015, China's stock market slide caused losses in global and Chinese companies' market capitalization of nearly US $3 trillion and 900 billion.

Although China's economy will continue to slow down in the next few years, it will remain one of the fastest growing countries in the world economy.

China's GDP growth in 2016 is expected to increase by 6.3%.

In 2015, GDP achieved steady and steady growth, greatly improved the employment market, boosted consumer confidence and consumptive spending exceeded 2%.

Other regions, such as China and Russia, have suffered a slowdown in economic growth, thereby restricting the growth of the global economy, including special effects.

Industrial growth.

In 2015, all the traditional end product segments except IFAI, which were monitored by the market, achieved a single digit growth scale.

The munitions market was flat in 2015 compared with the previous year, and the market for shipping textiles was at the top of the growth rate list, with a growth rate of 7%.

Investing in advanced equipment, relying on quality, improving production practices, training employees, and developing R & D and marketing activities for innovative products for consumers will help to keep these businesses profitable.

In 2015, the global market of special textiles increased by about 2.4%, and in 2016, the market growth rate was expected to reach 2.5%.

In 2015, world GDP grew at a slow rate of 3.1%, which largely restricted the global growth of the special textile market.

This recession reflects emerging economies.

For example, China's economic growth has slowed down significantly, and this slowdown has been compensated by strong consumer spending in the US.

In 2015, the growth rate of the special textile industry in the United States was about 2.4%, and it was expected to reach 2.6% in 2016.

This growth target is established on the basis of maintaining a sustained low unemployment rate (5% to 5.5%), increasing consumption expenditure to over 2% and continuing low oil prices.

In 2015, despite the improvement in the unemployment rate, consumers were still cautious about consumer spending.

Nevertheless, consumer spending is expected to grow by 2.7% in 2016, as consumers remain confident that the US economy will continue to grow at a steady and steady pace.