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November 10, 2022

Global economic slowdown overshadows near-term market outlook for the wood industry

Global economic slowdown overshadows near-term market outlook for the wood industry
Most countries in the world are experiencing slower economic growth or economic contraction. Certainly, those with global influence are performing at less-than-optimal rates.    For instance, the US is contending with a 40-year high rate of inflation and a tightened monetary policy by the federal government. Included are significantly higher interest rates to commercial and consumer borrowers. Also, the US GDP has marked two consecutive quarters of contraction, which is one measure of recession. In contrast, the US manufacturing sector is still expanding, according to its Purchasing Managers’ Index (PMI) readings of over 50 ...

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