Warning From The World's Biggest Shipping Line On Outlook for World Trade

@zerohedge -

@zerohedge—The optimism on world trade didn’t last very long. It was only late September when the WTO issued a “strong upward revision” to their estimate for 2017 world trade. WTO economists raised their forecast to 3.6% from 2.4%, which was at the top end of the previous 1.8-3.6% range. This marked a sharp acceleration from the 1.3% growth in 2016. The IMF’s forecast for 2017 world trade, also made in September, was even higher at 4.2%. Now the Copenhagen-based Maersk, the world’s number one container...

French retail giant to buy World Trade Center mall operator Westfield in the biggest takeover of an Australian company ever. France's Unibail-Rodamco has agreed to buy Westfield Corp. for $15.7 billion, in what would be the biggest takeover of an Australian company on record.