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A year like no other
| 题名： | A year like no other |
| 正文语种： | eng |
| 作者： | John Challen |
| 摘要： | Think back to 12 months ago: the threat of COVID-induced lockdowns still loomed large and vehicle and component supply shortages hampered the transport sector. However, back then, Russia's presence in Ukraine was limited to the southern region of Crimea, the economy was looking stable and there was reason for optimism. Fast forward a year and the former standoff escalated quickly, leaving the latter two to become a 'cost of living crisis'. Rapidly rising inflation, rocketing fuel costs and industrial action are three of the biggest factors that have not so much hampered growth, but essentially rendered it impossible. Meanwhile, political uncertainly and multiple leadership changes have only exacerbated the situation. GDP continued its recovery in Q4 2021, with an increase of 1.3% for the period. However, in 2022, things slowed down, starting with growth of just 0.7% for Q1 2022. The combination of events outlined above continued to affect GDP in the first half of the year and minimal growth in Q2 (0.2%) was followed by a shrinkage of GDP in Q3 (-0.2%). The negative figure was the worst performance since Q1 2021 (-1.4%), but experts are predicting tougher times ahead and the country being in recession until the middle of 2023. |
| 出版年： | 2023 |
| 期刊名称： | Transport engineer |
| 期： | Jan. |
| 页码： | 18-22 |
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