The end of the third quarter of 2021 is marked by a less uncertain health situation. Thus, the latest global epidemic peak in August 2021 did not halt economic growth.

The outlook for the end of the year appears solid, with the global economy expected to grow by +5.7% in 2021 and French growth above that, at +6.3%.

The recovery has taken many upstream markets by surprise, creating tensions and supply disruptions. Rising prices for raw materials, energy and intermediate goods are driving rapid inflation across economies. As a result, the OECD forecasts inflation rates above +3.5% in 2021 and 2022 for G20 countries.

The TRM and TRV sectors are experiencing rapid increases in their direct costs, with fuel alone rising by +28.2% over 12 months.

In addition to fuel, other cost factors are also experiencing significant increases. At the end of November, the CNR will publish a comprehensive assessment and propose a scenario for how these costs are likely to evolve in 2022.