ShippingWatch

World Bank lowers its growth forecast for 2020

The World Bank lowers its forecast for global growth in 2020 in the midst of a slow recovery for trade and investment.

Photo: HHM / Michael Lindner

The World Bank lowers its expectations for global growth in 2019 as well as 2020 a bit, as the expected improvements in trade and investment are happening slower than expected.

According to the bank, 2019 brought the weakest economic growth since the global financial crisis a decade ago. Additionally, 2020 will remain vulnerable due to uncertainties about geopolitical tensions and trade, not least the trade dispute between the US and China.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs