In his keynote address at the JOC TPM Asia Conference in Shenzhen, Cosco's Wang Haimin said US tariffs are accelerating the shift of production of furniture, tires, machinery, and footwear from China to Southeast Asia.
World Economy News
World Economy News
The latest news in global trade, including trade deficits, production and orders indexes, exports, manufacturing and more.
15 Jul 2019
Older vessels and jockeying for cargo are crimping the health of the breakbulk sector, which can be seen in recent rate data.
23 May 2019
The rise of populist governments is crimping the outlook for free trade, according to Boris Glass, senior economist with S&P Global Ratings.
19 Apr 2019
The World Trade Organization has downgraded its 2019 outlook for world trade growth to 2.6 percent from a 3 percent clip in 2018, and global manufacturing is weakening.
04 Mar 2019
IHS Markit Chief Economist Nariman Behravesh tells TPM 2019 slowing global economic growth puts the odds of a recession at 3-to-1, with a likelihood of a worldwide recession in 2020 at 50-50.
20 Nov 2018
In the next two decades, project construction and transport sectors can expect electricity generation to grow in importance, as emerging nations, particularly those in Asia, shift toward light industry, service economies, and digitization.
24 Jul 2018
Maersk, the world’s largest ocean carrier, said India — riding a wave of economic reforms — registered an impressive year-over-year increase in its export-import trade with the member countries.
22 Mar 2018
Executives are increasingly viewing the emerging market economy as a bright spot for investment. And the reason is clear: India’s GDP growth is expected to exceed China’s next year.
06 Mar 2018
IHS Markit Chief Economist Nariman Behravesh shares his outlook for global economic and trade growth with attendees at the 18th Annual TPM Conference at a time of growing uncertainty surrounding fiscal and trade policy.
05 Mar 2018
Political decisions, whether in trade or monetary policy, are the biggest threats toward US and global economic expansion, IHS Markit’s Nariman Behravesh tells TPM 2018.