Global Recession

Stormy Seas Ahead for Cargo Carriers?

Credits: Guillaume Bolduc/Unsplash

After posting another record year of profits, worldwide recessionary and inflationary pressures are now chipping away at ocean carrier fortunes. As far as rates are concerned, our analysts suggest that shippers and freight forwarders will be able to do a little window shopping this year, reports Logistics Management.

Global recession hits container market

Global ocean carriers reached the top of the bullish market in 2022 by realizing high profits largely due to...

https://mfame.guru/stormy-seas-ahead-for-cargo-carriers/

Oil Rises 3% On Optimistic Demand As China’s Borders Reopen

Credits: Zbynek Burival/Unsplash

After China’s decision to reopen its borders improved the outlook for fuel consumption and eclipsed worries about a worldwide recession, oil continued to rise on Monday, rising almost 3%, as reported by Reuters.

Larger risk sentiment 

The surge was a part of a larger upswing in risk sentiment brought on by the reopening of the world’s largest crude importer as well as expectations for less aggressive increases in U.S. interest rates.

By 1150 GMT, Brent crude had...

https://mfame.guru/oil-rises-3-on-optimistic-demand-as-chinas-borders-reopen/

The World Economy Faces A Big Test In 2023

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The world economy faces a huge stress test in 2023, states Kenneth Rogoff for the Guardian.

Systemic financial crisis in 2022

The fact that the world did not experience a systemic financial crisis in 2022 is a minor miracle, given the rise in inflation and interest rates, not to mention a massive increase in geopolitical risk. But with public and private debt having risen to record levels during the now-bygone era of ultra-low interest rates, and recession risks high,...

https://mfame.guru/the-world-economy-faces-a-big-test-in-2023/

Glimmer Of Hope For The Global Economy’s Upcoming Recession!

Credits: Markus Spiske/ Unsplash
  • Clearly, the reports that the US was in recession during the first half of the year were premature, especially given how tight the country’s labor market is.
  • Many countries’ current economic woes are self-inflicted, owing to policy errors that have been as harmful as they were predictable. 
  • While next year will be rough for the world economy, the coming slump probably should not qualify as a recession.

The world’s leading economists spent most of 2022 convincing...

https://mfame.guru/glimmer-of-hope-for-the-global-economys-upcoming-recession/

Silicon Valley’s Job Cuts Are Everybody Else’s Gain!

Credits: @felipepelaquim/ Unsplash
  • The headlines out of Silicon Valley are enough to send shivers down the spine of any tech worker.
  • Layoffs and hiring freezes have happened at companies of all sizes but hit Big Tech especially hard.
  • Online shopping, the rise of cloud computing, and the demand for mobile apps have led just about every industry to embrace tech.

The bad news: The pandemic-fueled hiring spree across Silicon Valley — which allowed the tech giants to grow beyond their means — has...

https://mfame.guru/silicon-valleys-job-cuts-are-everybody-elses-gain/

UN Accuses Richest Countries For Triggering Global Recession

  • Unctad warned the countries against using 1970s and 80s policies to squeeze out inflation saying it is not particularly for current world structure.
  • The report also suggested some of the countries that are having some very serious damages regarding inflation.
  • The UN also suggested an estimated amount of money that is going to be used in developing countries in the future.
UN’s warning

“The usage of rising interest rates and austerity by the world’s richest countries to combat sky-high inflation...

https://mfame.guru/un-accuses-richest-countries-for-triggering-global-recession/

Global Recession To Cripple The Tanker Market?

Ever since inflation rose dramatically earlier this year and especially after oil prices increased. The Chinese economy, which is crucial for the tanker market, is suffering from Covid lockdowns and from a financial housing crisis After the attack on Ukraine, oil prices rose quickly to about US$130/bbl but recession fears have affected prices in recent months and they have declined to around US$100/bbl currently, reports Riviera.

Other crisis that affected the tanker market

The downturn in the...

https://mfame.guru/global-recession-to-cripple-the-tanker-market/

Global Recession Warnings Dampening Trade Growth, Says BIMCO

According to a BIMCO market analysis, the global economic growth continues to slow with recession warnings sounding in many corners of the world, none of which points to high global trade volume growth for the time being.

Manufacturing PMI

The Global Manufacturing PMI (Purchasing Manager’s Index) reported by IHS Markit, has been under the threshold level of 50 in every month since May, reaching 49.5 in July, indicating four months of contraction. At 49.3 the index reached its lowest level since...

http://mfame.guru/global-recession-warnings-dampening-trade-growth-says-bimco/