The global economy is heading towards monetary easing, expected to arrive in the following months. This could trigger a rebound in trade growth dynamics and demand across the board. In its latest weekly report, shipbroker Xclusiv said that “despite record high interest rates, the ECB, Fed, and BoE all left their key rates unchanged. While none forecast further increases, lowering rates soon remains unlikely due to ongoing inflation concerns. However, the IMF offers a brighter outlook, raising its global growth forecast for 2024 to 3.1% on signs of easing inflation. This positive revision reflects faster-than-anticipated inflation decline in many regions, reducing the risk of a severe global economic slowdown”.
