The 10-year US economic expansion is over, killed by the response to the coronavirus disease 2019 (COVID-2019), and the recovery will be slow, IHS Markit chief economist Nariman Behravesh warns.
In his keynote address at the JOC TPM Asia Conference in Shenzhen, Cosco's Wang Haimin said US tariffs are accelerating the shift of production of furniture, tires, machinery, and footwear from China to Southeast Asia.
The World Trade Organization has downgraded its 2019 outlook for world trade growth to 2.6 percent from a 3 percent clip in 2018, and global manufacturing is weakening.
IHS Markit Chief Economist Nariman Behravesh tells TPM 2019 slowing global economic growth puts the odds of a recession at 3-to-1, with a likelihood of a worldwide recession in 2020 at 50-50.
In the next two decades, project construction and transport sectors can expect electricity generation to grow in importance, as emerging nations, particularly those in Asia, shift toward light industry, service economies, and digitization.
Maersk, the world’s largest ocean carrier, said India — riding a wave of economic reforms — registered an impressive year-over-year increase in its export-import trade with the member countries.
Executives are increasingly viewing the emerging market economy as a bright spot for investment. And the reason is clear: India’s GDP growth is expected to exceed China’s next year.
IHS Markit Chief Economist Nariman Behravesh shares his outlook for global economic and trade growth with attendees at the 18th Annual TPM Conference at a time of growing uncertainty surrounding fiscal and trade policy.
Political decisions, whether in trade or monetary policy, are the biggest threats toward US and global economic expansion, IHS Markit’s Nariman Behravesh tells TPM 2018.
There was no slowing down Chinese containerized exports in September, but the double-digit growth continued to be accompanied by steadily declining freight rates.
Nine port pairs on services between Southeast Asia and the West Coast are experiencing faster transit times than before the new and enhanced alliances launched April 1.
A gradual return to more open domestic and international trade policies provided a small spark to the Brazilian economy in late 2016 and boosts carrier optimism.
With next month’s summer Olympics a disaster long before the torch is lit, and with political and economic upheaval swirling, South America’s biggest economy is in the midst of one of its deepest recessions.