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 ...
Register for unlimited access
We work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!
