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AW rev counter: revenue grows but margins less steady

Jonathan Storey summarises the key takeaways from the latest automaker quarterly results

The global economy picked up in Q1 2023, as supply disruptions continued to ease and lower energy prices removed some inflationary pressure. However, inflation remained above targeted levels, particularly in North America and Europe. In China economic year-on-year (YoY) growth recovered to 4.5% in Q1-23 as the economy reopened.

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