Economic Outlook

2022 ECONOMIC OUTLOOK

Our sector continues to navigate one of its most challenging periods. Following the COVID-19 Pandemic, which will leave a lasting effect on our sector’s competitiveness, companies are now faced with the reality of war on the European continent. The invasion of Ukraine by Russia, in a post-pandemic world, is creating unforeseen economic consequences for manufacturers. In addition, companies are also managing the twin transition to a greener and more digital economy, spiralling inflation, particularly energy costs, acute labour shortages, a lack of raw materials and in some cases severe supply chain disruption.

2022 ECONOMIC OUTLOOK

Ceemet deplores the ongoing invasion of Ukraine by Russia. After decades of peace in Europe, this tragic situation has brought about the unthinkable. Inevitably, following the beginning of this conflict, we are seeing unforeseen economic consequences play out in front of our eyes. These range from increasing energy costs and high inflation to supply chain problems as well as the numerous drags on economic growth. In this paper Ceemet looks at what the consequences for the MET sector are.

2021 ECONOMIC OUTLOOK

The employers of the Tech & Industry provide their sector input for the Annual Sustainable Growth Strategy for 2022.

2020 ECONOMIC OUTLOOK

The Metal, Engineering and Tech-based (MET) industries have experienced an unprecedented crisis in recent months. Huge numbers of workers are in short term unemployment and the number of jobs that are in danger of being lost is substantial. With the European Commission's ASGS strategy being published, this position paper takes stock and looks forward.

2019 ECONOMIC OUTLOOK

Economic growth continues in some Member States, however at a slower pace, indicating that there are economic clouds on the horizon. This highlights the need for continued reforms of EU labour markets ensuring adequate links between the education systems and those labour markets, which need better support to ensure the digital transformation.