CEO of world’s biggest shipping line: “We believe that global growth is slowing down”

Author: Eamonn Sheridan | Category: News

Nils Smedegaard Andersen, chief executive officer at A.P. Moeller-Maersk:

  • "We believe that global growth is slowing down
  • Trade is currently significantly weaker than it normally would be under the growth forecasts we see"
  • We conduct a string of our own macro-economic forecasts and we see less growth -- particularly in developing nations, but perhaps also in Europe -- than other people expect in 2015," Andersen said. Also for 2016, "we're a little bit more pessimistic than most forecasters."

more at Bloomberg

--

Moeller-Maersk is cosndiered s a bellwether for global trade. the company handles about 15% of all consumer goods transported by sea

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose