Splash Extra

April 2020 Review

Shipping battened down the hatches, bracing for an epic recession as world trade skidded to a halt with the Great Lockdown, the term the International Monetary Fund (IMF) has given to this year’s coronavirus-inspired recession. The IMF warned the recession this year is on track to be the worst since the Great Depression, far worse than the global financial crisis 12 years ago. The IMF is projecting global growth in 2020 to fall to -3%. The World Trade Organisation (WTO) stated that world trade ...

To continue reading, please login below or subscribe here.


Back to top button