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World’s Largest Shipping Company Sees Bleak Outlook Amid Trade Wars

Summary:
The more pessimistic outlook “reflects the broad-based weakening of the economic environment in all the main economies,” Chief Executive Officer Soren Skou said in the statement. “Negative effects from escalating trade restrictions also weighed on trade growth.” https://www.bloomberg.com/news/articles/2019-11-15/maersk-sees-weaker-industry-growth-as-trade-wars-dent-outlook?cmpid=BBD111519_WKND&utm_medium=email&utm_source=newsletter&utm_term=191115&utm_campaign=weekendreading

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The more pessimistic outlook “reflects the broad-based weakening of the economic environment in all the main economies,” Chief Executive Officer Soren Skou said in the statement. “Negative effects from escalating trade restrictions also weighed on trade growth.”

https://www.bloomberg.com/news/articles/2019-11-15/maersk-sees-weaker-industry-growth-as-trade-wars-dent-outlook?cmpid=BBD111519_WKND&utm_medium=email&utm_source=newsletter&utm_term=191115&utm_campaign=weekendreading

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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