UNCTAD predicts modest trade growth

Forecasting a modest 2% rise in global maritime trade in 2024 and annual growth rates averaging 3.5% from 2025-2029, UNCTAD’s latest forecast leans on the optimistic side, but only if “significant risks” don’t get in the way. The optimism in its 2024 Review of Maritime Transport is fuelled by increased demand for key commodities such …

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