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Posts Tagged ‘recession’

Economic Crisis in Spain and Greece, Illustrated

Posted by Bert Maes on February 11, 2010

I can’t help but notice that the downsizing of the manufacturing industry in Greece & Spain and the poor performances in manufacturing education are undoubtedly part of the picture in the current economic and financial crisis in those countries.

Many governments around the world are facing higher national deficits and implied higher levels of national debt.

Spain, Portugal and Greece are three countries with large and sustained current account deficits. The enormous debt levels being created at the moment will haunt the country citizens for many years to come. (In Belgium, where I live, the macroeconomic indicators are in only marginally better shape than those of Greece and Spain!)

Any real improvement will depend on economic growth. All countries should somehow encourage rather than strangle economic growth over the next few years.

Things have to start with MANUFACTURING.  Spain’s (and Greece’s) problem, Illustrated:

(Source: Paul Krugman)

And with manufacturing EDUCATION: a SWOT analysis for the Manufacturing Engineering sector in Greece

(source: IRMA Project)


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Recovery: Where Will the Jobs Come From?

Posted by Bert Maes on July 28, 2009

bw_200x42An excellent post on

Health care and education: will keep adding jobs.
Both have expanded throughout the downturn, and both are expected to account
for a major share of job growth over the next several years

Personal note: That is very good news to bring the much needed innovation in (CNC) education. The major challenge is time. With more people available the entrepreneurs in technical schools can finally review their systems.

Manufacturing employment will rebound as the global economy revives.
It wouldn’t take much of a pickup in orders for manufacturing management
to recall laid-off workers

Personal note: but it should be export-oriented and most of all: high-tech innovative!

More on this subject in my posts:

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What concerns US manufacturing companies the most? [Chart]

Posted by Bert Maes on July 9, 2009

Concerns of US manufacturing companies

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