Latest news from Heavy Lift & Project Forwarding International Magazine

DHL forecasts mild slowdown for trade

The DHL Global Trade Barometer (GTB) forecasts a mild decline in world trade for the next three months.

 


The index for global trade now stands at 47, a decline of one point on the previous quarter’s forecast. However, the downward trend has slowed since the June update, which recorded a drop of eight points.
 
“Worldwide, trade conflicts continue to smoulder. Geopolitical tensions are causing uncertainty. Against this backdrop, global trade continues to develop surprisingly well. Although the DHL Global Trade Barometer has further decreased ­with an index value of 47 points ­world trade is still closer to staying at its high level,” said Tim Scharwath, ceo of DHL Global Forwarding, Freight.
 
The trade tensions are already affecting global supply chains, and the level of uncertainty about macroeconomic growth has driven down business investment around the world. According to Eswar S. Prasad, professor of Trade Policy and Economics at Cornell University in the USA, this is having adverse effects on cross-border trade of machinery and equipment.
 
“Overall, this GTB update confirms the slowdown in global growth and heightens concerns about growth stagnation in the coming months,” added Prasad.
 
Geographically, this quarter’s GTB forecasts a positive growth momentum for the UK and Japan for the next three months (i.e. above 50 points). Quarter-to-quarter comparisons saw Japan’s index improving to 53 points, while the UK’s declined by three points since June.
 
Unsurprisingly, the most negative trade outlooks in the September GTB were for the USA and China.
 
It is expected that US trade will shrink further, remaining in the negative territory with 45 points. For Chinese trade, the GTB forecasts a moderate decline of four points to 45.
 
www.dhl.com

Heavy Lift | News

Trade wars take their toll on confidence thumbnail image

Trade wars take their toll on confidence

October 10 - Confidence in the shipping industry has fallen to its lowest level for two-and-a-half years, according to the latest survey from BDO.
Views: 715
Chernobyl NSC wins project management accolade thumbnail image

Chernobyl NSC wins project management accolade

October 9 - As part of its 50th anniversary celebrations, the Project Management Institute has named Chernobyl’s New Safe Confinement (NSC) as one of the 50 most influential projects of the past 50 years.
Views: 1906
HFW to host fourth P&I week thumbnail image

HFW to host fourth P&I week

October 4 - International law firm HFW is hosting its fourth annual P&I week from October 15-17, 2019 in London.
Views: 1078

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.