Forecast 2023 – Gathering Clouds and Growing Turbulence
A cautionary look ahead to next year’s economy, through prudent measures, can smooth the bumps in the road until things pick up again.
featured article by Phillip M. Perry published in December 2022 Wire Rope New & Sling Technology Magazine
The economy will slow perceptively in 2023. Less robust activity in sectors such as housing, retailing, and manufacturing will put downward pressure n growth and contribute to a deceleration in profits. Companies can prepare for a tougher environment by tracking cash flow closely, investing selectively, and hiring prudently.
After two years of frenetic activity fueled by a bustling economy, the construction industry is poised for a breather…
Read the full feature article in the December 2022 issue of Wire Rope & Sling Technology Magazine while it’s available online. Or subscribe to get the bi-monthly print magazine subscription.