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AW rev counter: auto out-performs wider economy

Jonathan Storey summarises the key takeaways from the latest automaker quarterly results

The IMF's latest forecast for global GDP in 2023 is unchanged (from July status) at 3.0%, including higher forecasts for US and Japan, lower for China and the Eurozone. This represents a slowdown from 3.5% in 2022 as the global recovery from the COVID pandemic and Russia's invasion of Ukraine remains slow and uneven. The IMF comments that economic activity still falls short of its pre-pandemic path, especially in emerging market and developing economies, and there are widening divergences among regions.

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