U.S. plastics markets should start to improve in the second half of 2023, and the industry should expect strong growth in 2024, according to Plastics News Economics Editor Bill Wood.
But in the meantime, some end markets will continue to experience pain as the Fed tries to tame inflation.
For company owners and managers watching for signals of a recovery, Wood advises them to keep an eye on the labor market, international competition, the stock market and construction data.
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