North American Auto Manufacturing Recovery DelayedBy Lorenzo Núñez | Wed, 11/24/2021 - 11:19
In terms of World Economic Growth, the world is set to downshift heading into 2022 as boost from the fiscal stimulus subsides. This has had a negative effect on inflation and for the unemployment rate, with the near-term inflation pressures intensifying as material shortages and shipping delays continue to drive commodity prices higher. Semiconductor shortages has also stalled the automobile recovery with Japan and China showing negative numbers in their production. Semiconductors shortages are predicted to stabilize but to remain over 26 weeks behind for 2022. In general, the industry will continue to face challenges.