Global Key themes 2022: Supply chains to begin normalising
Industrial production will lag services growth globally going into 2022 as supply-chain pressures continue to bite and the post-pandemic recovery in household spending on services continues apace – with the Omicron variant a significant near-term downside risk.
The recovery in global industrial production will gain considerable momentum later in the year as component shortages and cost pressures ease, and will once again lead growth into the medium-term.
What you will learn:
- The double dip recession in the global automotive industry has entered the recovery stage, but lingering semiconductor shortages and supply chain disruptions means the recovery will be gradual, particularly in Europe.
- Shipping disruptions are expected to ease over the course of the year. As labour supply problems throughout logistics supply chains abate and shortages in warehousing space are addressed, seaborne freight looks set to recover in H2 2022.
- High-tech manufacturing will continue to lead growth in both advanced and emerging economies, as industries move towards greater digitalisation and automation.
Tags:
Related Services
Post
Emerging Markets forecast issues – Policy easing faces stronger headwinds
In our latest monthly forecast, we raised our aggregate 2023 GDP growth forecast for emerging markets (EMs) by 0.1ppt to 4.1%. We raised our 2023 GDP growth forecast for China by 0.1ppt to 5.2% after a slight outperformance in Q3, consistent with the official growth target of “around 5%". We maintain our 2024 aggregate EM growth forecast at 3.6%.
Find Out More
Post
London’s buildings stand in the way of rapid net zero
Over a third of London’s greenhouse gases arise from heating and lighting the capital’s residential buildings. Removing those emissions by 2050, let alone 2030, looks challenging.
Find Out More