What to expect for commercial truck application markets

Global economic growth decelerated in third-quarter 2021, primarily as a result of supply chain disruptions. However, this slowdown was generally anticipated. In every economic cycle, high growth rates are achieved after reaching a cyclical trough, and then they fall back to historical norms. So, while this deceleration is similar to previous economic cycles, shocks from significant external factors like a pandemic make it impossible to determine how much of the deceleration is due to the shock versus normal cyclical change.

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