Three calls for trade and supply chains
Global merchandise trade is expected to grow by 2.5% next year, but this is due to a low comparative base rather than strong global demand. Demand for goods in North America, South America, and Europe is expected to be limited. Supply shocks, such as delays in container traffic from extreme weather events and worker strikes at US ports, will prevent significant trade growth. Intra-Asian trade is expected to outperform the global average. Container rates are expected to decrease in 2024, benefiting shippers but negatively impacting container liners. Trade openness is declining, and advanced markets are diversifying their imports away from China.
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Frequently Asked Questions (FAQs)
Three calls for trade and supply chains - Hellenic Shipping News Worldwide
FAQ 1: What is the expected expansion rate of global merchandise trade next year?
Answer: Global merchandise trade is expected to expand by 2.5% in the next year.
FAQ 2: How does the expected global merchandise trade growth compare to the global GDP growth?
Answer: The expected growth in global merchandise trade is lagging behind global GDP growth.
FAQ 3: What issues are currently affecting global supply chains and maritime trade, according to UNCTAD's Review of Maritime Transport 2022?
Answer: The Review of Maritime Transport 2022 suggests that global supply chains and logistics, as well as maritime trade, are facing further trouble from existing problems. However, specific issues are not listed in the provided search results.
FAQ 4: How have Nigeria and Angola's oil output levels been adjusted by OPEC+ for 2024?
Answer: OPEC+ has tweaked Nigeria and Angola's oil output levels for 2024, though the specific adjustments are not detailed in the search results.
FAQ 5: How have international maritime trade and global supply chains been impacted by the events of 2020?
Answer: In 2020, international maritime trade and global supply chains were hit hard by unspecified disruptive events.
FAQ 6: What actions does the IMF suggest countries should take in response to COVID-19 regarding global supply chains?
Answer: The IMF advises that countries do their best to keep global supply chains functional and avoid further disruptions in the global trade system.
Please note that more detailed answers would require access to more specific information from the sources provided. For the full context and complete details, you may refer to the individual articles and reports mentioned in the search results.