(Bloomberg) — As economists gauge the likelihood of recessions in major economies around the world, a slew of recent data show that a downturn is already evident when it comes…
https://gcaptain.com/hard-landing-for-trade-roils-world-export-champs/
global trade
China’s Trade Plunges More Than Forecast in Blow to Recovery
(Bloomberg) — China’s trade plunged in July as slowing global demand clouded the outlook for exports, while domestic pressures weighed on imports in a hit to the economic recovery. Overseas…
https://gcaptain.com/chinas-trade-plunges-more-than-forecast-in-blow-to-recovery/
China’s Worse-Than-Expected Exports Deal New Blow to Economy
(Bloomberg) — China is facing pressure on trade as foreign shipments drop off and domestic demand remains weak, with a darkening global growth outlook and geopolitical tensions making a reprieve…
https://gcaptain.com/chinas-worse-than-expected-exports-deal-new-blow-to-economy/
Temasek’s PSA Shelves $4 Billion Hutchison Ports Stake Sale, Sources Say
(Bloomberg) — PSA International Pte has shelved plans to sell its minority stake in the ports business of Hong Kong’s CK Hutchison Holdings Ltd. amid economic headwinds, according to people…
https://gcaptain.com/temaseks-psa-shelves-4-billion-hutchison-ports-stake-sale-sources-say/
World Bank Warns of ‘Lost Decade’ in Global Growth
By Andrea Shalal WASHINGTON, March 27 (Reuters) – Average potential global economic growth will slump to a three-decade low of 2.2% per year through 2030, ushering in a “lost decade” for the…
https://gcaptain.com/world-bank-warns-of-lost-decade-in-global-growth/
Global trade slows, but ‘Green Goods’ grow: UNCTAD
Global trade was worth a record US$32 trillion in 2022, but amid deteriorating economic conditions and rising uncertainties, growth turned negative in the last half of the year and is set to stagnate in the first half of 2023.
The silver lining was the strong performance of trade in “green goods”, whose growth held strong throughout the year, says UNCTAD’s latest Global Trade Update, published on 23 March.
Green goods, also called “environmentally friendly goods”, refer to products that are...
https://container-news.com/global-trade-slows-but-green-goods-grow-unctad/
Global Goods Trade Softening from 2022’s Record Level
By Bryce Baschuk (Bloomberg) — International commerce soared to a record of $32 trillion in 2022, but goods trade growth is expected to increase by only 1% in the first quarter…
https://gcaptain.com/global-goods-trade-softening-from-2022s-record-level/
Fewer Containerships in U.S. Waters Reveals Trade Slowdown
By Kevin Varley (Bloomberg) — The number of container ships in US coastal waters has fallen to less than half of the count a year earlier, in the latest ominous sign…
https://gcaptain.com/fewer-containerships-in-u-s-waters-reveals-trade-slowdown/
U.S. Trade Deficit Grows to Start the Year
By Reade Pickert (Bloomberg) — The US trade deficit grew to the widest in three months at the start of the year, reflecting a pickup in imports of merchandise. The trade…
https://gcaptain.com/u-s-trade-deficit-grows-to-start-the-year/
WTO Sees Slowdown of Global Goods Trade Growth Being Short-Lived
GENEVA, March 1 (Reuters) – Global merchandise trade growth slowed at the end of 2022 and was likely to remain weak in the first quarter of this year, the World Trade Organization said on Wednesday. However, the WTO said any slowdown may be short-lived given that container throughput at Chinese ports and new export orders have already started to pick up, the former following a sharp easing of COVID-19 restrictions in China. The WTO said its goods trade barometer dropped to 92.2 points in March...
https://gcaptain.com/wto-sees-slowdown-of-global-goods-trade-growth-being-short-lived/