Original scientific paper

Market review: Long-term market trends

Steve Aubertin ; Goulden Reports

Abstract

As we are approaching ten years since the global financial crash of 2008, sufficient time has lapsed for a perspective on how this affected the market in years to follow. During the period 1990 to 2002, global GDP increased at a CAGR of 3.62 % whilst during that same period the global transformer market was lagging behind with an increase at 0.59 %. This situation changed dramatically between 2002 and 2008, when the global economy experienced a period of growth averaging 10.62 % CAGR, while transformer markets exceeded all expectations achieving a growth rate of 18.37 % CAGR. Following the 2008/2009 “correction”, global GDP has recovered substantially with a growth of 2.94 % CAGR between 2009 and 2017, whilst transformer markets have virtually flat-lined at 0.94 % CAGR over the same period. What can be learned from this with a view to predicting the future? This contribution is exploring an answer to this question.

Keywords

GDP; CAGR; market; steel

Hrčak ID:

207403

URI

https://hrcak.srce.hr/207403

Publication date:

6.7.2018.

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