Newsletter 1 2011

  • Editoriale

    Contradictory signs herald the start to 2011.

    Growth of world trade should continue although to different degrees in the various economic areas. The emerging countries (should they still be called this?) will post the highest growth rates, whereas the economies in the old industrialized world will be sluggish, with ups and downs on the two sides of the Atlantic.
    The specter of inflation is looming over everything, with arm-wrestling by the central banks that would like to keep it under control (but which are simply printing money to withdraw financial instruments with dubious solvency from the market) and speculation by those who, using these huge resources, are driving virtual demand for raw materials well beyond normal market laws.
    The worst case scenario could be spiraling prices in a physical market that remains weak. It is up to all trade people to prevent yet another financial bubble from having negative spin-offs on the real economy.
    In 2010 Fenzi continued to diversify its production facilities, with a new plant entering into full operation in Russia. Our presence in all the leading markets across the 5 continents guarantees the best service, the best quality and – whenever possible – the best price for our clients. Efforts continue in our R&D labs to fine-tune existing products and make them eco-compatible. Just like everybody, we are trusting to see a recovery in the building industry after this long lull.

    Best wishes to you all!

     

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