1-The world economy in 2018
The situation in brief
The year 2018 paves the way for growth for all the major economic blocs of the world that are America, Asia, and Europe. The large debt that has held back the economic recovery of several countries since the recession of 2008 still leaves some traces but the situation is now considered less problematic beacause of favorable global financial environment and recovery in advanced countries. The table below shows the evolution of global growth by block size since 2016. It also presents the forecasts of the World Bank and the International Monetary … Lire la suite
As 2016, three trends will describe maritime industry in 2017: 1-an increased volatility of demand 2- a sustained but uneven global recovery 3- a restructuring of the maritime supply. This text presents an analysis of these trends.
1- An increased volatility of demand
1.1 New external factors
Variability of the risk makes demand for transport less predictable. In 2016, several factors triggered this instability, including fluctuations of exchange rates, slowdown of Chinese economy, lower oil prices and difficulties of the European economy.
In 2017, recovering of American and European economies is well engaged. Despite a slight slowdown of the … Lire la suite