The global outlook
Auto executives are more optimistic than in 2021 about the prospects for long-term, profitable growth. Eighty-three percent are confident of higher profits over the next five years, compared with 53 percent in 2021.
They have become more cautious about near-term results, however, given the headwinds facing the global economy: 76 percent are concerned that inflation and high interest rates will adversely affect their business in 2023
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