World’s Second-Largest Container Carrier Sees Global Trade Slowing ...Middle East

OILPRICE - Economy
World’s Second-Largest Container Carrier Sees Global Trade Slowing
source : OILPRICE ( Middle East ) () 20
Europe is nearing a recession, and the U.S. may be right on its heels, the world’s second-largest container carrier told Bloomberg TV on Wednesday. Recession fears have put a cap on oil prices as analysts mull just how deeply a recession would cut into the demand for the commodity that is stealing the political limelight in Russia, OPEC countries, and the United States. And A.P. Moller-Maersk A/S—which controls one-sixth of the world’s container trade—sees global trade slowing between 2% and 4% in a stark warning for not…

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