Search Results for: 2016-economic-outlook-clouded-many-question-marks

2021-10-20

Russia Economic Outlook – October 2021

Maxim Sakov
Maxim Sakov

Market Consultant Russia

Maxim Sakov, Market Consultant-Russia for Power Systems Research, discusses his Q3 2021 economic outlook for Russia in this episode of PSR PowerTALK.

Transcript

Welcome to the PSR PowerTALK podcast produced by Power Systems Research.

00:06 Emiliano Marzoli

Hello everyone. From Power Systems Research, I’m your host, Emiliano Marzoli, editor of PSR PowerTALK. And today we’ll discuss the economic outlook for Russia with Maxim Sakov, our market consultant in Moscow.

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2021-04-25

Fastest NA Economic Growth Expected Since 1980s

Read the complete report in April PowerTALK™ News.

Yosyf Sheremeta
Yosyf Sheremeta

(April 1, 2021)–After the GDP declined 3.5% last year, the worst performance in almost 75 years, the US economy is set for a strong comeback.  In fact, we could see GDP growth exceeding 6% this year.

There are many reasons to be optimistic about 2021.  Strong readings of macro-economic factors combined with the economic cycle reset backed by the government initiatives and policies support our estimates for the current year and beyond. 

Our positive outlook is based on the reviews of the key economic indicators, including GDP, unemployment, and inflation.   In our previous forecasts, we discussed recovery trends for the post-pandemic period, stating a return of demand for most markets in 2021, especially during H2 2021.  

Based on our analysis of the expected growth trend and the economic reviews in major publications, we think US growth can surpass the growth level from 1984 – the highest one since 1950s. 

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2019-11-05

Global Economic Fundamentals Strong, But Uncertainties Linger

This report is excerpted from the Q3 2019 Update Bulletin prepared for clients of Power Systems Research, Oct. 1, 2019.

SUMMARY. If you were to look at the latest global macro-economic fundamentals, you would see a strong and healthy economy and a rosy picture.  On the other hand, if you follow the latest updates on key industries and their players worldwide, optimism is not that strong. 

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2021-11-21

Global Economy On the Path To Economic Recovery, Despite Increased Uncertainty

Yosyf Sheremeta
Yosyf Sheremeta

The global economy is on a healthy rebound trend, but issues with supply chain, logistics and the re-surgency of COVID-19 during Q3 2021 remained.  Power Systems Research witnessed a strong economic recovery globally in H1 2021; however, many challenges still remain.  The rebound will continue to vary widely among different regions/countries, but a complete recovery is not expected until the global pandemic is under control.   With some minor changes among regions and market segments globally, our overall forecast from last quarter remains in place, and that is good news to our industry players, OEMs, powertrain, and component suppliers.

The global economic performance last quarter was in line with our initial projections from earlier this year.  As we projected last quarter, we did not expect any rapid economic recovery in H2 2021, however, we continued to witness a steady increase in economic activities.  During the last quarter of 2021 Power Systems Research expects this trend to remain in place.

Government support in the form of fiscal policies and public health management are driving the economic rebound and largely explain variations in performance across countries. With the targeted monetary support to consumers and certain industries, the demand for products and services globally is coming back, and we expect this trend to carry over into Q1 2022.

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2021-08-21

Most Regions Will Post 20%+ Growth in Truck Production

Chris Fisher
Chris Fisher

Editor’s Note: This is an updated report from the Q2 2021 Truck Production Index report produced by Chris Fisher and Jim Downey, Vice President-Global Data Products, in July 2021.

Question: What is the global truck production picture? What is the outlook?

PSR Opinion: Overall, medium and heavy truck demand will finish the year on a strong note, and continued strength is expected into 2022.  On-going supply chain disruptions will continue to impact production throughout the rest of the year and likely into 2022.

Question: What kind of global production volume do you expect for this year?

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2021-05-25

Fabio discusses YTD Ag Equipment Outlook 2021

Fabio Ferraresi
Fabio Ferraresi

Dir. Business Development South America

Fabio Ferraresi directs PSR new business development efforts in South America. Today, he discusses the outlook for Ag Equipment Production in Brazil. Production in the first quarter of 2021 was the best since 2013 and he sees annual growth of about 25% moving forward.

Transcript

Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.

00:06 Joe Delmont:

From Power Systems Research I’m Joe Delmont, editor of PSR PowerTALK. Today we’re talking with Fabio Ferraresi about the outlook for ag equipment production in Brazil.

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2023-10-23

Global Economy Seeing Modest Growth with Positive Outlook

GLOBAL REPORT
Jim Downey

SUMMARY. Many factors are pointing to modest growth in Q3 2023. This should lead to total production globally growing at +2.4% in 2023 vs 2022 (it was 2.6% in Q2 2023), and the outlook for the next few years remains positive with growth accelerating from 2025.  Apart from Russia and Ukraine, the main countries to show a decline are South Korea, Slovakia, Netherlands. However, the segment picture shows some differences.

Several drivers are influencing the global economic picture.

  • Fuel prices eased earlier this year, recently they have grown slightly and are no longer showing signs of easing. This remains a serious issue.
  • Supply chains remain constrained and show no signs of improving.
  • The war in Ukraine shows no sign of a speedy conclusion, despite recent successes by Ukraine.
  • Ukrainian exports of wheat, other grains and fertilizer have declined massively following Russia’s ending on the Grain Deal. Alternative routes (overland, and via the Danube) simply don’t have the necessary capacity.
  • Inflation is easing, but it continues to be a major concern for central banks as they consider raising their interest rates. This will pose a risk to economic growth in all regions. Inflation and price increases are putting OEMs in a difficult situation.
  • Risk of recession continues in the background for several countries, notably China, USA and Germany, and this could drag other countries into recession.
  • Covid is still lingering with global deaths now at over 6.9 million, and a new variant has the medical world concerned.
  • Latent demand for machinery keeps building, which is a positive sign.
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2021-03-30

Q4 2020 North American Gen-Set Outlook

The Q4 2020 PSR PowerTracker survey provides information on North American gen-set sales from manufacturers, consumers and retailers. Joe Zirnhelt, Power Systems Research, President and CEO, provides the analysis.

Transcript

Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.

00:06 Joe Zirnhelt:

From Power Systems Research, I am Joe Zirnhelt. In today’s PowerTALK podcast we will discuss results from the fourth quarter of 2020 based on our ongoing PowerTracker survey.

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2023-07-27

Q2 2023 Economic Update Is Mostly Positive

GLOBAL REPORT
Guy Youngs
Guy Youngs

SUMMARY. There are several factors that could contribute to modest growth in the second half of this year as we await final numbers for the quarter. This should lead to total production globally growing at +2.6% in 2023 (vs 2022). Given this 2023 growth, the outlook for the years into 2028 remains positive.

Apart from Russia and Ukraine, the main country to show a decline is South Korea, while Japan is barely positive. However, the segment picture shows some differences.

  • Fuel prices have eased recently, but they remain a serious concern.
  • Supply chains remain constrained.
  • The war in Ukraine shows no sign of a speedy conclusion, despite recent successes by Ukraine.
  • Ukrainian exports of wheat, other grains and fertilizer continue but are still low compared to pre-war levels.
  • Inflation continues to be a concern and central banks are raising their interest rates. This will pose a risk to economic growth in all regions. Inflation and price increases are putting OEMs in a tricky situation.
  • Risk of recession appears in several countries including the USA and Germany.
  • Covid is still lingering with global deaths now at over 6.9 million, but the death rate has slowed considerably.
  • Latent demand for machinery keeps bursting out into the open.
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2021-03-04

Brazil MHV Production Outlook Webinar, March 17, 2021, Sponsored by ABM

Carlos Briganti
Carlos Briganti

In this episode of the PSR PowerTALK™ podcast Carlos Briganti, Managing Director of the Power Systems Research South American operations, analyzes the outlook for MHV production in Brazil, with special emphasis on the trends away from diesel power.

He will be presenting this information in more detail during a webinar sponsored by the ABM on March 17, 2021. The webinar is sponsored by the Brazilian Association of Metallurgy, Materials and Mining (ABM). There is no charge for the ABM webinar.

You can register here for the webinar: https://www.abmbrasil.com.br/eng/inscricoes/difusao-digital/webinar-tendencias-tecnologicas-volumes-para-veiculos-comerciais

The ABM is a non-profit civil association whose objective is to bring together individuals and companies aiming collective actions that promote the development of people, technical and scientific evolution and innovation in processes, products and management in their areas of expertise. PSR

Transcript

Welcome to the PSR PowerTALK podcast, produced by Power Systems Research. Today Fabio Ferraresi, Director of Business Development, South America and Carlos Briganti, Managing Director, South America, will discuss the outlook for medium and heavy vehicles in Brazil.

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