
Industry - Global Industry Forecasts - Aerospace
Description
Industry - Global Industry Forecasts - Aerospace
Global aerospace growth remains positive. We forecast a 6.9% expansion in 2024 falling from an impressive 13.1% in 2023. We expect growth in 2024 to be higher in emerging markets than advanced economies, particularly the very impressive double-digit growth forecasts for Eastern Europe, Russia, and India. Despite weakening economic prospects, we expect the global air travel recovery to continue, but pent-up demand for air travel is beginning to dissipate in some regions.
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