Comment / The GDP-teu multiplier even more broken by Trump 2.0

ID 335945514 © Panuwat Dangsungnoen | Dreamstime.com

Some of the latest economic and trade data continue to suggest that the relationship between GDP and freight volumes is more distant than ever.

We have discussed before how broken the hitherto strong relationship between GDP and container teu numbers has become in recent years, and recent data suggests it is no closer to being repaired.

In October, the International Monetary Fund (IMF) revised its global GDP growth for 2024 to 3.2% and the same for next year. In global terms, these ...