ICFF 2013: The New York Review
With economic contraction giving way in the US to a period of sustained growth, it’s little surprise that this year’s ICFF in New York – under new management – was the most confident edition in some time. Architonic, which is strategically strengthening its presence in North America, was there with a busy stand, a new sales representative for the region, and an unforgettable party on a historic boat. As they say Stateside, what’s not to like?
A little bit of rain is nothing to seasoned sailors: Architonic welcomed its existing and future members to a party on board the historic expedition vessel MV Cape Race, which was moored outside the ICFF
The city that never sleeps was certainly bright-eyed and bushy-tailed for this year's edition of ICFF, which was, without doubt, the most confident seen since the global economic landscape became much more uneven terrain towards the end of the last decade.
It's been a tough five years for the US, with a large budget deficit, high levels of personal debt, and, of course, that troublesome fiscal cliff. Yet the clouds have parted Stateside, as growth once again returns to the New World. The deficit is set to fall to 4% of GDP in 2013 and further still to just 2.1% by 2015, while unemployment is falling and tax revenues are on the rise. Meanwhile, Europe – which continues to pursue a more austerity-oriented path, one that would appear, many argue, to be deferring to a large extent the return of sustainable financial growth – can only look on with envious eyes. (For Germany, at least, there's an upside to all of this – furniture exports to the States were up an impressive 38.2% in the first quarter of 2013, year on year.)