There’s a seeming contradiction in the macroeconomic and trade data coming out of China these days: Despite contracting industrial activity, low consumer confidence and a worsening stock market rout, China is currently sending the highest volume of ocean container freight to the United States since May 2022.
Part of the surge in shipments is due to the traditional...
https://www.freightwaves.com/news/despite-economic-worries-more-containers-flow-from-china-to-us
The Office of the Chief Economist has indicated that, although the world economy has slowed down in 2020, world economic activity has “rebounded”. Writing in the December 2020 “Resources and Energy Quarterly”, the Office of the Chief Economist indicates that growth forecasts for the near future are strong.
World economy
The REQ notes the IMF’s forecast that world economic activity will be down by about 4.4 per cent by the...
According to a Reuters report, business sentiment among Asian firms rebounded in the third quarter as easing coronavirus restrictions lifted sales but lingering uncertainty over the pandemic thwarted a return to...
https://mfame.guru/asian-business-confidence-starting-to-bounce-back/
According to an Alibra Shipping article, the shipping industry is affected by certain business and market changes recently which includes situations such as Vale’s Brucutu Mine operations, Panama Canal restrictions, high oil prices, and Chinese economy improvement. Here’s an insight on that and how it can affect trade in the coming days.
Vale Brucutu Mine Operations Likely To ResumeVale has said that it expects to resume operations at it’s Brucutu mine within 72 hours after a securities filing...
http://mfame.guru/weekly-world-business-update-vale-brucutu-operations-panama-restrictions/