Request To Download Sample of This Strategic Report : Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.Īmidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. On the other hand, annual inflation rate in the country hit 8.5%. However, country's goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. current-account deficit widened stood at $224.8 billion. In addition, the report includes detailed discussion on current and future market trends that are associated with the growth of the market.
The key industrial insights provided in the report gives a better idea about the market overview to the readers regarding the existing scenario in the market. Kenneth Research examined the statistical and analytical approach that is required for the growth ofĢ0.
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