The economy suddenly warmed up! Packaging and printing orders may reverse in the second half of 2023 cookies box

Among the 666 subdivided industrial fields in my country, the packaging and printing industry with a scale of 2 trillion is closely related to 97% of the industrial sectors, which can be called the most strategic industry among all walks of life. cookies box cake mix

Looking back on the development of the packaging industry over the past 30 years, no matter how the international situation changes, the packaging industry can always find new growth points to ensure the stable development of the industry. cookie shipping boxes

However, in the first half of 2023 after the epidemic is fully released, the packaging and printing industry is obviously facing unprecedented challenges. The simultaneous downward adjustment of exports and domestic demand, the multiplier effect of economic recovery in most industrial sectors is not as expected, and the excessive expansion of production capacity. The peers who came to kill each other…chocolate chip cookies box

Throughout January to May 2023, in addition to the thriving infrastructure of the Chinese economy, exports and domestic demand will be dragged down by the downward inertia in 2022, and the economy has been in the process of bottoming out in the afternoon. The most prominent performance is the steady decline in demand, which directly forces upstream raw material manufacturers to lower prices steadily. Whether it is white cardboard, boxboard, tile paper, or plastic film materials, they are all in a collapsed decline.cake box cookie recipes

What frustrates everyone’s confidence is that this year’s 618 shopping carnival has become more and more dismal, which directly triggered the continuous price cuts of Nine Dragons, the leader of the paper industry. Both the current market situation and people’s icy confidence have fallen to the bottom, and the optimistic predictions of brickmakers are always beaten in the face again and again.cardboard cookie box

Turning our attention back to the foggy packaging and printing industry, what will happen to the market trend in the remaining half of 2023, and how to accurately predict next year and beyond? pink box cookies

Let’s take a look at the 2023 global economic growth forecast released by the “World Economic Outlook”, and we will help you get some ideas from these data.cookie box delivery

As the leader of emerging markets and the new engine of the global economy, China is still favored by the global economic community. Economic growth in 2023 is expected to be stronger than in 2022. chocolate box cake cookies

On June 6, the World Bank stated in its latest “Global Economic Prospects” report that it raised China’s economic growth forecast in 2023 to 5.6%, compared with 4.3% in the “Global Economic Prospects” report in January this year and 4.3% in the “East Asia” report in April. Both the 5.1% and the semi-annual report of the Pacific Region Economic Report have increased significantly. cookie boxes packaging

In addition, the “Global Economic Outlook” report also raised the US economic growth forecast for this year to 1.1%, and the Eurozone’s economic growth forecast for this year was raised to 0.4%.

In addition, the OECD raised the growth forecasts of some economies: China’s economic growth forecast was raised to 5.4% in 2023, and the US economic growth forecast was raised to 1.6% in 2023.

It is not difficult to see that the economic experts of the World Bank are more optimistic about China’s economy in the second half of the year. The reasons are, on the one hand, China’s loose monetary policy, and on the other hand, the strong resilience of the Chinese economy.

Therefore, we have reason to believe that the second half of the year will be a critical period for the economy to bottom out.

The easing of monetary policy in the second half of the year will help relieve the tense financial situation of enterprises and individuals. Policy adjustments at the national level may help packaging companies develop domestic and international markets. Opportunities are coming, and you just need to be ready to stand in the right direction.

The economy is getting warmer and the policies are favorable. The superposition of the two means that the downward trend of printing and packaging orders is about to reverse.