The container shipping industry should benefit from a rise in world economic growth predicted by the international Monetary Fund (IMF) for both 2018 and 2019, according to Peter Sand of BIMCO. Peter Sand, Chief Shipping Analyst; BIMCO In its latest World Economic Outlook (WEO), released on Tuesday, the IMF said that global trade will grow at an annual rate of around 7 percent this year, compared with just over 1 percent last year. Given that growth in advanced economies produces the highest trade-to-GDP multiplier, if the economy grows as predicted, the container shipping industry should fare well, said Sand.
The container shipping industry should benefit from a rise in world economic growth predicted by the international Monetary Fund (IMF) for both 2018 and 2019, according to Peter Sand of BIMCO. In its latest World Economic Outlook (WEO), released on Tuesday, the IMF said that global trade will grow at an annual rate of around 7 percent this year, compared with just over 1 percent last year. Given that growth in advanced economies produces the highest trade-to-GDP multiplier, if the economy grows as predicted, the container shipping industry should fare well, said Sand.