GDP

Analysts Predict A Booming Global Economy in 2021

The global economy will accelerate in 2021, though with significant variation around the world, writes Bill Conerly for Forbes.

Rebounds in goods trade

The world will benefit from vaccinations, both directly in fewer illnesses and indirectly as lockdowns and fears subside.

It will take most of 2021 and into 2022 for the full benefits of vaccination to be felt, and maybe even longer in poorer countries, but America’s major trading partners should look good next year.

Improved global GDP growth 

The...

https://mfame.guru/analysts-predict-a-booming-global-economy-in-2021/

GLOBAL & REGIONAL MONTHLY (Thursday, 4 March 2021)

GLOBAL & REGIONAL MONTHLY (Thursday, 4 March 2021)

Social distancing measures remain in place in most countries given the uncertainty that another wave of Covid-19 infections from new variants could emerge. Incoming economic data point to greater resilience in developed economies, while manufacturing production has continued to advance at a faster pace than services. With vaccination campaigns steadily progressing, we expect a global GDP growth acceleration to 5.5% in 2021 from -3.5% in 2020,...

https://allaboutshipping.co.uk/2021/03/04/global-regional-monthly-thursday-4-march-2021/

Growing Optimism in Tanker Market

With oil prices taking a turn upwards and demand expected to pick in the second half of the year, shipbrokers are examining whether this trend is a sign of a more bullish market ahead, which could benefit tankers as well, reports Gibson shipbrokers ltd.

Robust oil demand

In its latest weekly report, shipbroker Gibson said that oil prices are back above $60/bbl, their highest level since January 2020, before the Wuhan lockdown.

The report added, “In normal times rising prices typically suggest...

https://mfame.guru/growing-optimism-in-tanker-market/

GLOBAL & REGIONAL MONTHLY (Tuesday, 5 January 2021)

GLOBAL & REGIONAL MONTHLY (Tuesday, 5 January 2021)

Most recent economic data mirror the negative impact from the latest Covid-19 waves, with restrictions leading to a downturn in global economic activity at the end of 2020. We foresee GDP weakness to persist in many advanced economies through most of the winter with wide divergences across sectors and regions, before wide-spread vaccinations and warmer weather in mid-2021 lead to the lifting of lockdowns, bolstering business and consumer...

https://allaboutshipping.co.uk/2021/01/05/global-regional-monthly-tuesday-5-january-2021/

Commentary: Your railroad contingency plan?

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

Now a third of the way into the fourth quarter, how is 2020 going to end up for the U.S. freight railroads?

It’s going to be a mixed bag.

There are plus and minus indicators as we look closely at the data year-to-date. 

Yes, third-quarter economic recovery has lifted railroad volumes back up — but not for every rail-moved business commodity segment.

Table 1 shows two...

https://www.freightwaves.com/news/commentary-your-railroad-contingency-plan

U.S. Economy Shrinks At Record 32.9% Pace in Q2

  • U.S. economy suffered its sharpest downturn since at least the 1940s in the second quarter.
  • COVID-19 has ravaged businesses across the country and left millions of Americans jobless.
  • Gross domestic product shrank 9.5% in the second quarter from the first.
  • It is a drop that equals an annualized pace of 32.9%, steepest annualized decline dating back to 1947.
  • Personal spending slumped an annualized 34.6%, also the most on record.
  • The number of Americans filing for unemployment benefits increased...

https://mfame.guru/u-s-economy-shrinks-at-record-32-9-pace-in-q2/

Marine industries’ contribution to US economy swells

The United States’ marine economy contributed about $373 billion to the nation’s gross domestic product in 2018 and grew faster than the nation’s economy as a whole, according to statistics released Tuesday.

The statistics come from research conducted by two U.S. Department of Commerce agencies — the National Oceanic and Atmospheric Administration (NOAA) and the Bureau of Economic Analysis (BEA) — on 10 sectors representing businesses dependent on the nation’s oceans, coasts and Great Lakes...

https://s29755.pcdn.co/news/marine-industries-contribution-to-us-economy-swells

COVID19 Causes China’s Economy To Shrink for the First Time in Decades!

China GDP

According to a BBC report, China’s economy shrank for the first time in decades in the first quarter of the year, as the virus forced factories and businesses to close.

COVID19 Effect in China
  • The world’s second biggest economy contracted 6.8% according to official data released on Friday.
  • The financial toll the coronavirus is having on the Chinese economy will be a huge concern to other countries.
  • China is an economic powerhouse as a major consumer and producer of goods and services.
Permanent...

http://mfame.guru/covid19-causes-chinas-economy-to-shrinks-for-the-first-time-in-decades/

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