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The EU language industry is worth 8.4bn euros

Europe’s €8.4bn language industry is set to grow by 10% each year over the next decade after having recorded one of the highest growth rates of any EU industrial sector despite the economic crisis, according to a European Commission-backed study published last week (27th November).

Karl-Johan Lönnroth, director-general of the Commission’s translation department, had this to say:

“Even in the UK, with English as a lingua franca tool of communication, the language industry is massive, It’s a growth sector that is here to stay, and is helping the economy in general to grow. Globalisation means that English is not enough.”

Read the full story at the Euractiv website.

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