- IMF forecast that the global economy would grow at an average annual rate of 3.5% during 2020-2023, in line with the average annual rate of growth of 3.4% seen during the years leading up to the pandemic. Instead, the global economy ended with an average annual growth rate of only 2.6%.
- The container market grew at an average annual rate of 0.4% during the 2020-2023 period, equal to a GDP multiplier of just 0.14. Between 2013 and 2019 the GDP multiplier averaged 1.06.
During the past four...
https://mfame.guru/bimco-covid-wiped-24-6m-teus-off-container-market-growth/