3M Says New China Lockdowns, Russia Conflict Weigh on Global Economy


Source: wealthcreationinvesting.com wealthcreationinvesting.com

Key Topics in this News Article:

News Snapshot:

[post] ] The results of 3M Co., which makes everything from Post-it Notes to advanced medical bandages, offered a look into how the economy continues to evolve as the U.S. emerges from the pandemic. “Overall demand is strong though our global economic outlook has softened due to challenges,” Chief Executive Mike Roman told investors Tuesday. Those challenges include recent Covid-19-related lockdowns in China and Russia’s invasion of Ukraine slowing sales growth, the company said. 3M now expects the global economy to grow by around 3% this year after previously forecasting 4% growth. 3M said sales of its medical-grade face masks,...