April 26th, 2018

Global Economic Outlook

Sunny outlook

Despite the threats of trade wars and sanctions, the global economy is performing well and that is expected to remain the case for at least another 12-18 months. This gives the freight market a positive platform in the near term, with trade growth expected to exceed the strong GDP performance. But from 2020 the picture is more mixed, with a cyclical slow-down forecast. And unfortunately for the dry bulk market, this coincides with the growth in output from shipyards. Time to make hay while the sun shines?

 

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