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Search resuls for: "Trade Outlook"


6 mentions found


☆ WTO forecasts rebound in global trade but keeps geopolitical risks in focus
  + stars: | 2024-04-10 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +1 min
The World Trade Organization on Wednesday said that it expects global trade to rebound gradually this year, before rising further in 2025, as the impacts of higher inflation fall into the rearview mirror. In its latest "Global Trade Outlook and Statistics" report, the WTO forecast that total global trade volumes will increase by 2.6% in 2024, and by a further 3.3% in 2025. It follows a larger-than-expected 1.2% decline in 2023, as inflationary pressures and higher interest rates weighed on international trade. The trade rebound is expected to be "broad-based," including across Europe, which experienced some of the deepest falls in trade volumes last year as a result of geopolitical tensions and the energy crisis caused by Russia's full-scale invasion of Ukraine. "Europe was really weighing on international trade in 2023, and we don't see that being the case anymore," Ossa said.
Persons: Ralph Ossa, CNBC's Silvia Amaro, Russia's, Ossa Organizations: World Trade Organization, Trade Outlook, WTO Locations: Europe, Africa, India, Pakistan, Southeast Asia, Qianwan, Qingdao Port, Qingdao, China, Ukraine
☆ We should be deepening the regional value chain, says former Indonesian trade minister
  + stars: | 2024-02-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe should be deepening the regional value chain, says former Indonesian trade ministerMari Pangestu, independent non-executive director of AIA Group and former Indonesian minister of trade, discusses Indonesia's trade outlook and the importance of diversifying investment sources and markets.
Persons: Mari Pangestu Organizations: AIA Group Locations: Indonesian
☆ How America fell out of love with ice cream
  + stars: | 2023-07-16 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +9 min
Ice cream is “the ultimate comfort food.”Drinkers swapped a pint for a scoop, and for ice cream makers, Prohibition was a boon. “In fact they say that the ice cream business is bound to increase in volume from year to year as more people are using ice cream since the coming in of nation-wide prohibition and the going out of the saloon.”The interest in ice cream continued in World War II, buoyed by the government’s use of the frozen dessert to help boost morale. Margaret Bourke-White/The LIFE Picture Collection/Shutterstock“We built pop-up ice cream factories on the front lines, delivered individual ice cream cartons to foxholes and spent more than a million dollars on a floating ice cream barge that patrolled the Pacific delivering ice cream,” Siegel said. Scoops of Falooda ice cream are placed on top Blueberry Lavender ice cream at Pints of Joy in Sunnyvale, California. Today, she teaches aspiring ice cream entrepreneurs how to make ice cream.
Persons: Earl Leaf, Michael Ochs, Baskin Robbins, —, Matt Siegel, ” Siegel, Yuengling, ”, Margaret Bourke, “, Siegel, John Robbins, Robbins, Burt Baskin, Robbins ’, ” Robbins, Robbins “, Deepak Chopra, Marianne Williamson, Lucas Fuess, Richard B, Levine, Levine Roberts, Fuess, John Crawford, “ There’s, Circana, Aric Crabb, Talenti, Earl Grey, ” Crawford, Bryan Olin Dozier, Deborah Lee Organizations: New, New York CNN, US Department of Agriculture, Michael Ochs Archives, Food, Anheuser, Busch, Manufacturers, Cream, Baskin, New York Times, Rabobank, MediaNews, East Bay Times Locations: New York, NY, American, USS Maryland, Chicago , Illinois, Circana, Joy, Sunnyvale , California, Van Leeuwen, North Carolina
☆ China's exports seen cooling further in December on weak global demand, COVID woes: Reuters poll
  + stars: | 2023-01-12 | by ( ) www.reuters.com   time to read: +2 min
Imports are expected to have fallen at a slower pace at 9.8% over December, after a fall of 10.6% in November. With many of China's trade partners on the verge of going into recession, external demand is cooling, only adding to the pressure Chinese policymakers are under to stem the economic fallout of the spread of COVID. "The trade outlook could be a top threat to China's growth ambition next year," said analysts at Citi in a note. "We are concerned about the external demand amid global recession risks... our base case is a modest decline of exports in 2023E," they added. Reporting by Joe Cash; polling by Veronica Khongwir and Susobhan Sarkar; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.
☆ Forward Air CEO on what's next for global demand after an 'unusually slow' holiday quarter
  + stars: | 2022-12-27 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: +3 min
Forward Air shares are delivering on something few companies have as the year draws to a close. The stock is beating the Dow Jones Transportation Average and the S&P 500 in the fourth quarter. Forward Air CEO Tom Schmitt recently spoke with CNBC's Frank Holland about the holiday shipping season, the volume his customers are expecting for Lunar New Year, and the supply chain, trucking, and pricing outlook for 2023. Schmitt said spot rates are down and that "transactional softness" will remain, but contract will continue to be strong. "But I expect more normal ... closer to pre-pandemic with this year Lunar New Year, but we're not there yet," Schmitt said.
☆ COVID-hit Shanghai unveils $257 billion in projects in infrastructure push
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Aly SongBEIJING, Sept 20 (Reuters) - China's commercial hub of Shanghai on Tuesday announced eight infrastructure projects with total investment of 1.8 trillion yuan ($257 billion), after the city was hit hard by COVID-19 lockdowns in April and May. In the first eight months of the year, Shanghai's infrastructure investment fell 27.4% versus an 8.3% gain nationwide, data from local statistics bureaus showed on Monday. The cabinet told local governments to complete selling more than 500 billion yuan in special bonds by the end of October under carryover quotas from 2019. Such bonds, on top of the annual quota of 3.65 trillion yuan, will help to fund infrastructure projects. "China's infrastructure investment will in the coming years bolster its slowing economy," Moody's analysts wrote in a recent note.
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