However, the rosier than expected result seen in the second quarter is expected to be short lived. Global monitor shipments are now expected to decline 3.1% year over year in 2022 and 2023 will shrink another 4.2% before a weak recovery in 2024. The majority of this decline is coming from China, the second largest market in the world for monitors, which is expected to contract nearly 19% in 2022, the steepest drop for the nation since tracking began in 2008.