Improved GDP Forecast Bodes Better for Liner Sector in 2023
Following on from the IMF’s recent upward revision of GDP forecasts for 2023, the European Commission has reported today that falling gas prices, policy actions by governments, and firmer-than-expected household spending will increase EU GDP expectations this year. The growth forecast has been revised upwards from 0.3% last November to 0.8% for the EU and 0.9% for the eurozone (those EU countries that use the euro, i.e. not Bulgaria, Czechia, Denmark, Hungary, Poland, Romania and Sweden). It’s now thought that the EU will avoid a recession this year as the mild winter (January was the third warmest ever recorded) and a rapid switch to non-Russian gas supplies have helped to manage fuel costs in the last few months, along with… Click here to read the full report….
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Bulk Carrier Market Outlook
Very few of us have time to read long-form reports any more, so it has become too onerous to write them….we have decided to discontinue our Dry Cargo Market Outlook quarterly, but we will replace it with a new subscriber dashboard product – stay tuned for more news – or contact us on info@shippingstrategy.com to discuss your requirements.
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