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“Stormy Waters” Ahead Projected in IMF’s October World Economic Outlook

As global inflation remains the highest it’s been in several decades, about one-third of the global economy is expected to contract this year or next. In its October 2022 World Economic Outlook (WEO): Countering the Cost-of-Living Crisis, the International Monetary Fund (IMF) projects global growth will remain at 3.2% in 2022, unchanged from July’s forecast, and will drop to 2.7% in 2023, a 0.2% downgrade from that projection. Global inflation is expected to rise to 8.8% in 2022 but decline to 6.5% in 2023 and to 4.1% in 2024.

ACD/Labs Software Makes Analytical Data Seamless

Across an R&D lab, there’s a torrent of data and an ever-expanding number of workflows to keep in check. And volume is not the only challenge; each analysis may require different data formats or sometimes even multiple formats within a technique. Keeping track of such data manually can be time consuming and prone to errors, and standard spreadsheet software like Microsoft Excel or Google Sheets is not equipped to understand and display chemical formulas or structures, which are essential components of processes like drug development.

TDA’s 2022 Outlook Mid-Year Update Available

With the continuation of the pandemic in 2022, the global economic recovery from COVID-19 has been hampered by periodic port shutdowns in China, continued supply-chain disruptions, and staffing challenges across industries. Since TDA’s 2022 Outlook was published, the war in Ukraine began, its being felt worldwide. Additionally, Europe is facing an energy crisis resulting from Russia’s cutting its supply of natural gas to Europe and resulting soaring energy costs. These factors are contributing to global Inflation, which threatens to curb economic growth worldwide.

M&A Highlights July 1–August 9

Agilent Technologies has acquired Polymer Standards Service (PSS), which provides hardware and software solutions for polymer characterization. The acquisition of PSS, which is based in Mainz, Germany, “will add key technology to Agilent’s gel permeation chromatography and size exclusion chromatography offerings,” said Jacob Thaysen, senior vice president, Agilent.

IMF’s Global Economic Outlook Remains “Gloomy” and Uncertain

As new risks spill into an economy already weakened by the COVID-19 pandemic, the International Monetary Fund (IMF) forecasts global growth to continue to slow in 2022. In its July 2022 World Economic Outlook (WEO) Update: Gloomy and More Uncertain, an update to its yearly WEO released in April, the IMF predicts growth to slow to 3.2% in 2022, revising its April forecast of 3.6% and down from 6.1% in 2021.

IMF Downgrades Its Outlook for the Global Economy

The economic fallout from the war in Ukraine will reach far beyond than the countries involved. In its April 2022 World Economic Outlook (WEO): War Sets Back the Global Recovery, the International Monetary Fund (IMF) cited the conflict as the primary reason for the slowing of global growth the institution now predicts.

Federal Budget for R&D Finally Passed

On March 15th, 2022—nearly six months late—President Biden signed the FY2022 spending bill. Compared with the previous fiscal year’s appropriations, total federal funding for R&D increased 7.1% to $169 billion. Although many agencies were allocated much less than the Biden administration had requested, all science agencies received increases in funding.

PAI 2022: The Process Analytical Instrument Market Report Is Now Available

In 2021, the process analytical instruments (PAI) market and PAI worldwide enterprise (which also includes the value of analyzer-related services) reached $4.7 billion and $7.5 billion, respectively. Over the next few years, demand from many end-user markets is expected to increase 5%–7% per year driven by solid growth from the pharmaceutical industry.