World Air Conditioner Market – 2023 Update - 1 OVERVIEW

The global economy in 2022 was affected by the Ukraine crisis, leading to a surge in inflation. Major countries’ central banks raised interest rates, the yen was at an all-time low, the dollar was strengthening, and the economy was in turmoil. Soaring commodity prices and energy prices have shaken consumer confidence. Pandemic outbreaks in some areas have disrupted the global supply chain. The positive impact of the stay-at-home trend on the air conditioning market is gradually weakening.