shifting of production to Europe
That's been happening for years. Much cheaper labout available in eastern Europe.
I've worked in multiple currencies for the last 20 years. An exchange rate shift doesn't automatically make imported goods more expensive by the same percentage. You end up with supplier rebates or price adjustments from the overseas supplier so that they can keep market share.
For imports that are subsequently exported, we add value in some way (that's how profit is made), so the increased cost of raw materials has no impact on export price from the 3rd country's perspective.
Hiring on hold? Check the employment statistics.
On the plus side, every time your life goes badly in the next few years, you'll be able to blame people like me rather than taking personal responsibility.
Biting the hand that feeds IT
