War in Ukraine could add to negative earnings outlook for paper and forest products industry, according to Moody’s

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According to Moody’s, the paper and forest products industry’s earnings could decrease by up to 12% over the next 12 months, with significantly higher energy, transport, and labour costs counteracting most of the growth offered by high demand in the paper packaging segment. Russia’s invasion of Ukraine is expected to exacerbate these pressures due to high and volatile energy prices. 

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