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Macro Economics

12 April 2010

At first recovery needs to be sustainable – then tightening of public stimulus needs to be coherent and must not take place too soon

Macro economics - Slow and fragile recovery

05 December 2010

Achieving a “strong, balanced, and sustained world recovery” - requires two fundamental and difficult economic rebalancing acts according to IMF. First, internal rebalancing: When private demand collapsed, fiscal stimulus helped alleviate the fall in output. But fiscal stimulus has to eventually give way to fiscal consolidation, and private demand must be strong enough to take the lead and sustain growth.

From Beijing 2008 to London 2012 – Reflections on four extra-ordinairy years in the shipping industry and looking beyond

05 September 2012

All stakeholders in shipping realize that the business is cyclical, and the most important challenge is to predict the ups and downs and plan accordingly.  But few had in their wildest fantasies predicted the financial crisis that hit the world four years ago, and the significant drop in cargo volumes and the major impact this had on all shipping markets. 

Macro Economics - A cautiously optimistic outlook supports the road towards higher growth and reinstates stronger business confidence

11 April 2012

The global economy is getting better. The dark clouds that were piling up towards the end of 2011 have now spread, as brisk winds of change are beginning to restore optimism. However, the economic crisis is still not over and many tough political decisions have to be made before we can stand on top of a sustainable recovery. Three factors give us reason to believe things are getting better:

Macro Economics - Global recovery is taking a breather before growth is expected to resume at a higher pace in the second half of 2011

20 June 2011

The speed of the global recovery has slowed down over the past couple of months, but the prospects for stronger growth in the second half of the year remain intact, as the underlying growth trend as well as job creation continues. But sustaining this may be highly dependent on output and demand solidifying in the coming months.