DUBLIN – Global electronics equipment production will swing from a record 9.5% contraction in 2009 to a 6.5% gain in 2010, says Research and Markets.
 
2010 will be a lead-in to an even more robust 10.5% expansion in 2011, the research firm predicts.
 
The ongoing industry recovery will gather considerable momentum during the next two years, according to the firm.
 
In the near-term, double-digit unemployment rates and the need to rebuild ravaged nest eggs will undercut consumer purchases of cars and electronic products, the firm predicts. And profit-challenged corporations awash in excess operating capacity will be in no hurry to invest in new IT hardware. Moreover, because banks will be focused on rebuilding their own depleted capital bases, they will retain restrictive lending policies well into next year.