vilnius
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Justinas leads Euromonitor’s industrial research and provides thought leadership on industrial, mobility and commodity market trends.
Justinas advises clients across manufacturing, packaging, logistics, automotive, consulting and government sectors on key industrial and manufacturing technology trends. Prior to joining Euromonitor Justinas worked in the consulting sector, specialising in transportation and research and development fields.
Rising geopolitical tensions and economic multipolarity are adding to trade restrictions, shifting the flows of global trade and investment, and hindering economic growth. Against the backdrop of this new global reality, over the long term, companies and countries will continue to follow a globalisation reset strategy, with economic diversification and supply chain security being the key priorities.
Global inflationary pressures are forecast to moderate further in 2024. Under the baseline scenario, global inflation is forecast to stand at 5.4% in 2024 and trend down further to 3.6% in 2025. Lower energy prices, slower consumption growth and normalisation of manufactured goods prices are contributing to lower inflationary pressures.
This year’s commodity market outlook remains highly uncertain. As consumers and businesses continue to grapple with lingering cost pressures and high interest rates, subdued global economic activity is set to translate into softer commodity demand.