China Printing Solutions-Recently, the national bureau of statistics the latest release of gross domestic product (GDP) statistics show that the UK gross domestic product growth of 0.8% in the second quarter of this year, growth and the prior quarter, up 3.1% from a year earlier.And as the economy continues to recover, its overall economic scale has exceeded the peak before the financial crisis.Given the good performance of the UK economy, the international monetary fund (IMF) also raised to the UK this year and expectations of economic growth, economic growth forecast for 2014 from 2.9% to 3.2%, from 2.5% to 2.7% in 2015.
At the same time, in the past year, the British economy not only back to before the crisis, also is expected to be 2014, one of the fastest economic growth in western countries, and in such a context, the printing also ushered in the new development opportunity.
British printing industry federation (BPIF) chief executive Kathy Woodward think printing will certainly benefit from the rapid growth of the UK economy, but he also warned that the retail industry is still facing serious challenges, operating profit is not optimistic.Kathy Woodward said: "we holds a degree of optimism on the current situation, we see there are quite a number of printing companies are seeking to invest in new systems and equipment, to support the enterprise in new market environment."
As the general manager of a printing enterprise in Leeds, Peter klausen also think British printing enterprise's confidence has been restored to before the economic crisis, while his company just invest 1.1 million pounds for a seven color B2 wide digital printer.
Peter klausen said: "our business is in a ferment, the economic crisis really let we had a very hard time, but in the past nine months we have obviously improved. From the point of view of economy and confidence, we appear to have been back in 2007, we have been willing to invest in new technology, but in the past three years, we really have no confidence to do this, now everything back again."
Service industry is the pillar industry of British economy, also is one of the fastest in the second quarter GDP growth industry.Data show that in the service industry output was 2.9% higher than the peak of the first quarter of 2008, up 1% from a year earlier, followed by the manufacturing industry, year-on-year growth of 0.4%;While construction and agricultural output value has shrunk by 0.5% and 0.5% respectively.
At the same time, by the confederation of British industry from manufacturing, retail and service industry of the 790 respondents in the investigation found that 37% of respondents thought their industry production in the future a quarter continues to grow, it also indirect signal out of Britain's economic recovery.
The executive vice chairman of the confederation of British industry, carter hall comment said: "despite the current economic recovery slower, but it will continue for quite a long time, and the scope of the enterprise investment will also become wider."
Caused by a lack of confidence in the United States and Brazil's economic growth, the growth of the global economy in 2014 is expected to be reduced by 0.3% ~ 3.4%, and the performance of the euro zone may be even worse, in 2014 and 2014 growth forecast for 1.1% and 1.5% respectively.
(Gold Printing Group)