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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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ajtj99

To: Don Green who wrote (69950)	9/21/2022 5:43:42 PM
From: Don Green	1 Recommendation of 97957

A global manufacturing slowdown suggests worse is to come Recession would be brutal for countries that have still not recovered from covid-19 The Economist “Is a global recession imminent?” asks a new report by the World Bank. The answer—that one very well might be—will not be a surprise to manufacturers. In August, global manufacturing output shrank relative to the month before, and new orders fell for the second month in a row, according to JPMorgan Chase, a bank. As economic woes mount, worse could be ahead, for factories and the broader economy. Last year, industry enjoyed an epic boom. Consumers, bolstered by generous covid-19 relief, splashed out on goods, and the easing of lockdowns allowed factories to make up lost ground. The value of manufacturing output leapt to over $16trn, representing the highest share of global gdp in nearly two decades. Roaring industry powered a banner year for the world economy, with overall global output rising by 6.1%, the fastest pace on record, despite supply-chain problems.

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