• News

    Global Trade and Manufacturing Slowdown: What You Need to Know

    1 Maersk expects Global container trade shrinks by up to 4% this year Danish shipping giant Maersk, seen as a barometer of global trade, cut its forecast for global container trade this year on Friday, saying there were no clear signs of a recovery in cargo volumes this year. Global container trade could contract by as much as 4% this year, the company said. Maersk and other shipping lines, which generated record profits in 2021 and 2022 due to a surge in demand for consumer goods amid the pandemic and limited supply of ships, are now facing a sudden correction as global economic growth slows, Companies are digesting existing inventories…

  • News,  Wealth

    How the U.S. Economic Resilience Affects Global Trade

    The U.S. economy remains resilient, but the main beneficiaries are Europe and North America. Compared with the past, its spillover effect on emerging markets including East Asian countries has diminished.   Since 2023, the most salient feature of overseas economies is that the U.S. economy has outperformed expectations. While U.S. consumption growth bounced back in the first quarter, comprehensive PMI improved, but exports to the U.S. from emerging economies such as East Asia generally declined. The United States seemed to have a feeble role in stimulating global trade in the past. Who can benefit from the resilience of demand? Drawing on past experience, the resilience of the U.S. economy can…

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