Economic Outlook - April 2009

Economic Outlook - April 2009
Mounting problems with Europe’s banks, slowing international trade and rising unemployment in most countries indicate the end of the ongoing global economic downturn is not yet in sight. But greater thrift and a reduction in the abuse of credit by the private sector are just two of the positive changes we see resulting from this challenging time. With housing at historically high affordability levels, that market could experience a rebound by year’s end. Oil prices are expected to trend higher as OPEC’s production cuts gradually offset diminished demand.

In February, the wood and paper products industries continued to struggle, with overall activity, new orders, production and employment all losing ground (see chart). A recovery of both the housing market and the global economy will have to begin before the numbers reverse trend. The economic outlook remains bleak.

wood and paper products industry economic outlook summary - april 2009

Read more about the Forest2Market Economic Outlook

Wood Remains the Preferred, Primary Renewable Energy Source in Europe

Wood Remains the Preferred, Primary Renewable Energy Source in Europe

As we recently noted, the global resurgence in wood production has been driven in part by the popularity and expansion of wood pellets, which are...

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Surplus of Beetle-Damaged Timber Impacting European Forest Industry

Surplus of Beetle-Damaged Timber Impacting European Forest Industry

Over the last several decades, a combination of devastating wildfires and pest infestations have destroyed millions of acres of timber in the western...

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Economic Outlook - March 2009

Economic Outlook - March 2009

The general economy in the U.S. will continue to contract in 2009, with predictable impacts on employment and consumption. Oil prices will remain...

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