China's economy stutters as global economic centre of gravity shifts south
China is on course for its slowest economic expansion in 40 years, say economists, as ...
ING wrote earlier this week that the global transport and logistics (T&L) “sector recovery is entering a new phase, and we’re expecting substantial growth in 2022 – despite the war in Ukraine and continued supply chain disruption”.
Moreover, the global T&L industry is expected “to exceed pre-pandemic level in 2022” after a record 2021.
That said, the Russia-Ukraine war can impact the sector in “three ways” while, more broadly, the world trade “slows above pre-pandemic levels” this year.
ING also highlighted cross-sector woes and global costs pressure for T&L players, but “pricing power helps”, of course.
The full note can be read here.
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