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UK Car Market Outlook Downgraded On Supply Chain Constraints

Posted by: Top News Editor in Forex News May 5, 2022

UK car sales are forecast to be lower than the previous projection this year in the backdrop of the ongoing supply chain constraints stemming from the war in Ukraine and the Covid19 pandemic-related restrictions in China, as well as due to broader macroeconomic factors such as inflation and rising interest rates, the Society of Motor Manufacturers and Traders said Thursday.
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