BIMCO: Tanker Shipping and Macroeconomics Outlook

Expectations for global trade growth have also been lowered for 2020; this is now forecast at 2.7%, down from 3%. The WTO cautions that risks to these forecasts are weighted to the downside, with these risks including a potential deepening of trade tensions, financial volatility and rising geopolitical tensions in many regions of the world.

World goods trade grew by only…