BACKGROUND: MEXICO - A LONG WAY OFF BECOMING AN INDUSTRIAL SUPERPOWER
Mexico is a very large country. 19 European countries, including Germany, would fit into the size of the largest of the Central American countries, while 22 million people live in the metropolitan area of Mexico City, which is more than in most European capitals put together. The country's ambitions are correspondingly large.
OF WINNERS AND LOSERS - TRUMP'S ECONOMIC COURSE
Donald Trump will definitely leave a mark as President. The list of his protectionist announcements is long and growing. None of them have been implemented yet. But some direct and indirect consequences of Trump's policies can already be seen. An analysis.
LOW OIL PRICE FORCES ARAB COUNTRIES TO REFORM
Since 2014, oil producing countries in the Gulf region have had to adjust to low oil revenues, and the need for economic and social reforms is increasing. Saudi Arabia is pushing ahead with a plan of action that is likely to be at least partly copied by neighboring countries. The reforms will bring both risks and opportunities for the mechanical engineering industry. An analysis.
EUROPEAN ECONOMY: LACK OF MOVEMENT
The slowdown of the Chinese manufacturing sector and the recession in Russia and Brazil have had a dampening effect on the European economy, although all the signs point to a modest rise in GDP of 1.8 percent for the eurozone in 2016. In mechanical engineering, VDMA researchers predict price-adjusted growth in turnover of 1 percent. But the situation in Europe remains fragile.