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Shipping & Freight: Costs Fall as Global Economy Slips Toward Recession

Tim Woods

Shipping & Freight: Costs Fall as Global Economy Slips Toward Recession

As global economic growth slows, with most of the Northern hemisphere expected to be in recession for much of 2023, the forward indicators – like bulk shipping costs for raw materials – remain pointed down. We can overplay these measures as indicators of a slowing global economy, but when they all point down it is reasonable to assume global economies are slowing.

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