Ag and Construction Equipment Market Outlook: Is Long-Term Growth Sustainable?

While the global economy remains firmly on track to expand in 2022, a number of challenges are poised to serve as obstacles for the agriculture and construction equipment industries in the weeks and months ahead. According to the latest business intelligence data from AEM, the global economy expanded by a robust 5.1% in 2021. And while projected growth of about 3.9% is expected for 2022, slower growth seems like a foregone conclusion. Short-term factors like the lingering COVID-19 pandemic, ongoing supply chain issues and persistent labor shortages, as well as long term factors like deglobalization and inflation, have emerged to dampen enthusiasm a bit on the heels of what has been a strong economic resurgence worldwide. READ FULL ARTICLE>>