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Global recession and the impact on technology

The world is an interconnected web of relationships in terms of the goods produced, businesses formed, partnerships brokered and revenue earned. The current Eurozone crisis has had far-reaching effects on businesses throughout the region, as countries within the sphere have seen substantial financial contraction in the last few years. This trend has been projected to last into 2013, but with the year quickly drawing to a close, speculation is rising as whether this will be an ongoing pattern or one the Eurozone can shake.

The shrinking value of the Euro can be tied back to Ireland in large part, and this nation has yet to see the full economic turnaround that some felt would be the start of recovery. However, similar to the United States, there are signs that stability may be returning, or at least that descent has ceased. In that respect, some organizations have changed their minds about the likely course of the 2013 financial scene in their business outlook 2013 Eurozone projections.

Building momentum
The Huffington Post wrote that the Organization for Economic Cooperation and Development (OECD) has seen reduced contraction of the Euro this year, with just barely 3 percent total economic growth for the entirety of the Eurozone. OECD forecasts show that the group is slightly optimistic about next year's performance, though, stating that 2013 will bring about 3.5 percent expansion for those in the region. The Euro itself continues to trade low in comparison to other world currencies, as its financial and territorial backers see internal disputes and dissolution issues, but these nations are also in the midst of reformation and bailout strategies.

Incorporating outside funds and networking with other financial entities has shaken some of the burden the business outlook 2013 Eurozone previously faced, but some are still worried that the fiscal cliff could cause additional recession in the United States. As an interlocking web of financial structures, the Eurozone could subsequently see its own stabilization jeopardized, The Huffington Post reported.

Mercurial weather
Businessweek reported that some entities within the Eurozone have sunnier business outlooks for next year. Economic forecast think tank Moody's Analytics wrote that gross domestic product within the Eurozone will cease to see shrinkage in 2013, and that the situation will actually rebound to present growth potential for the region. The source wrote that the main driver of this recovery will be Germany, a beacon of stability within the current crisis, and France is also seen as providing a solid economic base for growth.

However, adding to concerns about the U.S. fiscal cliff, business outlook 2013 Eurozone projections will also bank on whether Greece decides to stay within the union or not. Businessweek wrote that, should the nation have a falling out with the Euro, projections will actually swing drastically to the negative, making it a lynchpin in the success of the entire Eurozone.