It's Only Common Sense: Leveraging AI in Your Sales Strategy
Dan’s Biz Bookshelf: 'Hidden Potential: The Science of Achieving Greater Things'
Trouble in Your Tank: Minimizing Small-via Defects for High-reliability PCBs
Volatility and Uncertainty Will Continue to Influence Economic Outlook in the Early Months of 2023
January 2, 2023 | IPCEstimated reading time: 1 minute
COVID-19, Russia’s invasion of Ukraine, soaring global inflation rates and recession fears were major contributors to the cloud of uncertainty in 2022 and also to slower global economic growth, per IPC’s December Economic Outlook report.
“Many believe a recession is a foregone conclusion in 2023,” said Shawn DuBravac, IPC’s chief economist. “I expect about a third of the world economy will likely be in recession in 2023. Global economic growth has already fallen, slipping from six percent in 2021 to about 3.2 percent in 2022. Global growth is expected to slow further in 2023, clocking in at less than two percent,” DuBravac added.
Additional data in report show:
- Global inflation rose from 4.7 percent in 2021 to 8.8 percent in 2022 and should fall to around 6.5 percent in 2023 and four percent in 2024.
- U.S. economic activity is expected to increase just 0.3 percent in 2023.
- U.S. industrial production fell 0.2 percent in November, the second straight month of decline. Despite the weak November results, production of consumer goods was up 1.8 percent in the past year and production of business equipment was up 5.7 percent.
- In Europe, electronics manufacturing output fell in October after two months of growth. Output decreased 2 percent (month-on-month), but production remains high. Output is up 4.4 percent over the last year.
View full report. For more information on IPC’s industry intelligence program including new reports, visit: www.ipc.org/advocacy/industry-intelligence.
Share on:
Testimonial
"The I-Connect007 team is outstanding—kind, responsive, and a true marketing partner. Their design team created fresh, eye-catching ads, and their editorial support polished our content to let our brand shine. Thank you all! "
Sweeney Ng - CEE PCBSuggested Items
TRI's AI-Powered Inspection Solutions at SMTAI 2025
09/02/2025 | TRITest Research, Inc. (TRI), the leading provider of test and inspection systems, will be joining the SMTA International Exposition & Conference. The event will be held from October 21 – 23, 2025, at the Donald E. Stephens Convention Center in Rosemont, IL, USA.
More Than a Competition: Instilling a Champion's Skill in IPC Masters China 2025
09/01/2025 | Evelyn Cui, Global Electronics Association—East AsiaNearly 500 elite professionals from the electronics industry, representing 18 provinces and municipalities across China, competed in the 2025 IPC Masters Competition China, March 26–28, in Pudong, Shanghai. A total of 114 contestants advanced to the practical competition after passing the IPC Standards Knowledge Competition. Sixty people competed in the Hand Soldering and Rework Competition (HSRC), 30 in the Cable and Wire Harness Assembly Competition (CWAC), and 24 in the Ball Grid Array/Bottom Termination Components (BGA/BTC) Rework Competition.
Standard of Friendship: Debbie McDade and Symon Franklin Went From Classmates to Colleagues
08/27/2025 | Debbie McDade, Advanced Rework Technology Ltd.As a fairly new IPC Master Trainer, I nervously attended my first IPC committee meeting in 2002 in New Orleans—a 4,600-mile trip from my home in the UK—for the IPC-610 Task Group. With more than 250 members, it was the largest IPC committee at that time.
Flexible Circuit Technologies to Host Free Flex Heater Webinar
08/18/2025 | Flexible Circuit TechnologiesGlobal Supplier of flexible circuits, flex design services, and assembly/box-build services, Flexible Circuit Technology will host their latest webinar, "Thermal Precision Meets Flexibility: The Technology Behind Heater Circuits" on Tuesday, August 26th, 2025 at 11 AM EDT.
A.R.T. Ltd. Nominated in Four Categories at 2025 Instrumentation and Electronics Industry Awards
08/11/2025 | A.R.T. Ltd.Advanced Rework Technology Ltd. (A.R.T. Ltd.), a leading provider of electronics training and consultancy, has been shortlisted in four categories at the 2025 Instrumentation and Electronics Industry Awards, including Industry Personality, Academic Support, Rising Star, and Best Customer Service.