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Geopolitical and economic shocks

The COVID-19 pandemic and Russia-Ukraine war profoundly reorganised global structures and relationships in 2022, and will continue to drive additional uncertainty this year, according to analyst S&P Global Market Intelligence.

Pandemic recovery projections

“One year into the COVID-19 pandemic, the accumulating human toll continues to raise concerns, even as growing vaccine coverage lifts sentiment. High uncertainty surrounds the global economic outlook, primarily related to the path of the pandemic.

A longer-tailed recovery

On the eve of the six-month anniversary of the UK entering a nationwide lockdown, optimism among UK manufacturers and engineers for a speedy return to ‘normal’ was dissipating, according to research carried out by Subcon, the UK’s subcontract manufacturing supply chain show.

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