Company News

• Global Growth to Slow through 2023, Adding to Risk of `Hard Landing` in Developing Economies,Global Drilling Business Involved

  2022 / 09 / 20

  Spread of COVID-19 Variants Alongside Inflation, Debt, and Inequality Intensifies Uncertainty WASHINGTON, Jan. 11, 2022-Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank`s latest Global Economic Prospects report. Global growth is expected to decelerate markedly from 5.5 percent in 2021 to 4.1 percent in 2022 and 3.2 percent in 2023 as pent-up demand dissipates and as fiscal and monetary support is unwound across the world. The rapid spread of the Omicron variant indicates that the pandemic will likely continue to disrupt economic activity in the near term. In addition, a notable deceleration in major economies-including the United States and China-will weigh on external demand in emerging and developing economies. At a time when governments in many developing economies lack the policy space to support activity if needed, new COVID-19 outbreaks, persistent supply-chain bottlenecks and inflationary pressures, and elevated financial vulnerabilities in large swaths of the world could increase the risk of a hard landing. [The world economy is simultaneously facing COVID-19, inflation, and policy uncertainty, with government spending and monetary policies in uncharted territory. Rising inequality and security challenges are particularly harmful for

• pe250x400 used stone parts small machines portable diesel jaw crusher diesel engine roller crusher Chile Columbia and Central-South American markets

  2022 / 09 / 01

  Granite crusher Jaw crusher commonly known as jaw broken, also known as tiger mouth. The crusher is composed of two jaw plates of moving jaw and static jaw, which simulates the movement of two jaws of animals to complete material crushing operation.

• World Land Drilling Rig Market Forecast 2021-2025

  2021 / 09 / 01

  2020 was a catastrophic year for rig demand, with drilling activity plummeting across the globe and reversing the improvement in activity levels witnessed following the previous downturn. Overall, the number of operational rigs is estimated to have fallen c. 25%, contracting from c. 4,570 units to c. 3,530 one year later. This drop in drilling activity caused utilisation levels to fall to an estimated c. 40%, similar to levels seen at the low point of the previous downturn (2016). In this tenth edition of the `World Land Drilling Rig Market Forecast` report, Westwood assesses the current landscape of the industry following such a catastrophic downturn and provides an outlook on future onshore rig demand. Overall, the outlook for land rigs is starting to improve as stronger commodity prices (a function of strict OPEC+ cut quotas) spur increased drilling activity (from the lows of 2020). However, Westwood expects operators to remain cautious throughout the forecast 2021 – 2025 period, with industry fundamentals remaining sensitive to a number of factors (e.g. demand recovery, the Energy Transition, geopolitics etc.). The report presents Westwood`s in-depth outlook for the global land drilling rig market over the 2021-2025 period, with a focus on addressing the following key questions: