Recession
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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, which is another barometer that indicates the US economy is not in recession. But recession or no recession, the US economy is waning. Europe’s economy is also suffering from tightened oil and gas supplies extending from Russia’s war on Ukraine. This is... Continue reading
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November 10, 2022
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, which is another barometer that indicates the US economy is not in recession. But recession or no recession, the US economy is waning. Europe’s economy is also suffering from tightened oil and gas supplies extending from Russia’s war on Ukraine. This is... Continue reading
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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, which is another barometer that indicates the US economy is not in recession. But recession or no recession, the US economy is waning. Europe’s economy is also suffering from tightened oil and gas supplies extending from Russia’s war on Ukraine. This is... Continue reading
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November 10, 2022
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, which is another barometer that indicates the US economy is not in recession. But recession or no recession, the US economy is waning. Europe’s economy is also suffering from tightened oil and gas supplies extending from Russia’s war on Ukraine. This is... Continue reading
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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, which is another barometer that indicates the US economy is not in recession. But recession or no recession, the US economy is waning. Europe’s economy is also suffering from tightened oil and gas supplies extending from Russia’s war on Ukraine. This is... Continue reading
-
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, which is another barometer that indicates the US economy is not in recession. But recession or no recession, the US economy is waning. Europe’s economy is also suffering from tightened oil and gas supplies extending from Russia’s war on Ukraine. This is... Continue reading