Global Trade Slump Continues Despite Predictions of Rebound

Global industrial production and container freight remain stalled in Q3 2022, contrary to predictions of a strong rebound.
Manufacturers and distributors are trying to reduce excess inventories as consumers shift spending from goods to services.
Higher interest rates and cost-of-living squeeze are dampening spending on durable goods like electronics.
Air freight volumes are down worldwide except in Asia due to high costs and low urgency for deliveries.
While the worst of the freight downturn may be over, there are few signs of a significant recovery in global trade.

reuters.com

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Posted 9/8/2023, 12:01:00 AM