FEARS of an imminent global recession deepened today when shipping freight giant Maersk sounded the alarm on dwindling demand for its containers amid the European energy crisis and sky-high inflation.
The Norwegian firm, often considered a bellwether for international trade, warned of "plenty of dark clouds on the horizon" as it slashed its forecast for global container demand for 2022 as a whole to a fall of 2-4% against last year.
The warning comes as former Bank of England governor Mark Carney also said he feared a widespread recession was unavoidable.
Speaking at the Hong Kong finance summit this morning, Carney said: "We're headed for a global recession," adding the trajectory for the economy was like trying to get a flight during the pandemic: "You know where you're going, you just don't know when you'll get there." The growing fears about a global slump came ahead of the latest US interest rate decision from the Federal Reserve this evening. It is expected to order a further 0.75% increase in borrowing costs, making it more likely that the world's biggest economy will tip into recession. The Bank of England will make its decision on rates also expected to a be a 0.75% increase tomorrow.
هذه القصة مأخوذة من طبعة November 02, 2022 من Evening Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة November 02, 2022 من Evening Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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