Major Issues and Trends Facing the Port and Marine Transportation Industry
|
|
- Dinah Heath
- 6 years ago
- Views:
Transcription
1 Major Issues and Trends Facing the Port and Marine Transportation Industry Presented to: AAPA Marine Terminal Management Training Program April 24, 2006 Charleston Riverview Hotel Charleston, SC - USA Presented by: Robert West Managing Director, Global Trade & Transportation Global Insight robert.west@globalinsight.com Copyright 2004 Global Insight, Inc.
2 Agenda Global issues and trends affecting the world and U.S. economic outlooks What about China? Implications for sea trade in the U.S. Conclusions 2
3 Key Global Issues and Trends Will higher oil prices derail the recovery? Will the dollar crash? China: Hard or soft landing? New and important players? NO - Not at $70-75 NO, but... SOFT YES, A FEW... 3
4 Has world economic growth peaked? ---yes, but The world economy is in recession when real GDP growth is below 2%. 5 (Percent change, real GDP)
5 Container trade normally grows faster than the world economy. This year should be very healthy GDP 3.4% TEUs 8.2% World TEUs 5
6 Asia is 2/3 of global container trade. TRANS-ATLANTIC ATLANTIC 5.4 million TEU 5.7% Growth ASIA-EUROPE 12.1 million TEU 12.2% Growth TRANS-PACIFIC 19.3 million TEU 10.8 % Growth INTRA-ASIA ASIA 26.2 million TEU (including Australia, Indian Subcontinent and Middle East) 10.0% Growth World Container Trade Flow 2005 E-W = 43% Intra Asia = 31% 6
7 Real GDP Growth Is Uneven Across the World and emerging markets grow fastest NAFTA Other Americas Western Europe Emerging Europe Japan Other Asia Mideast & Africa
8 The U.S. expansion is entering a new phase. The U.S. economy has strong momentum entering % in the first quarter Business investment is now leading the expansion, supported by record profits and global market growth. Further dollar depreciation is expected, boosting exports. Home sales and construction will decline as affordability deteriorates; hurricane rebuilding will cushion the fall. Consumer spending growth will slow in response to higher interest rates and a cooling housing market. A Fast Start and A Slow Finish in
9 The U.S. Economic Expansion Will Slow. 8 (Annual percent change, 2000 dollars) (Unemployment rate - %) Real GDP Growth Unemployment Rate 9
10 A Record U.S. Current Account Deficit over $800 billion as far as the eye can see ,000 (Billions of dollars) Current Account Deficit Deficit as % of GDP 10
11 U.S. Imports are fueling the huge current account deficit. (Billions of dollars) , United States Western Europe Japan Asia exc. Japan 11
12 The U.S. dollar will depreciate further steady declines through 2008, due to huge current account deficits. 1.3 (2000=1.00) Industrial Countries Developing Countries
13 Real U.S. exports and imports reflect the business cycle and exchange rates. (Year-over-year percent change) Real Exports Real Imports 13
14 Asia is supporting world growth. Inflation remains under 4% in most Asian economies exceptions include Indonesia, India, and the Philippines. High saving rates mean these economies will continue to be capital exporters - investors in ports and transportation infrastructure. China will have a soft landing. Exchange rates across Asia will rise as part of a global trade adjustment. India is positioning for an economic take off. 14
15 India could align with China and create a powerhouse from toys to high tech. India and China Real GDP Growth Rates India Real GDP China Real GDP $1.3 trillion GDP 8%/year total TEU growth to % GDP growth this year (2006) 1.1 billion population is growing 1.5% annually 15
16 China s momentum is hard to slow down, but the government is trying soft landing most likely Real Per Capita GDP (2004$) $171 $964 Real GDP as $ of US Level, 2004$ 3% 14% Real GDP growth in previous 20 years 5.3% 8.6% Population (millions) 981 1,300 Trade's share of GDP 15% 85% Number of Supermarkets 0 70,000 Current Account Surplus ($ billions) Agriculture's share of GDP 30% 15% Urbanization 20% 33% 16
17 China s container exports continue to grow at double-digit rates NAFTA s share has hit 45%. 40,000,000 35,000,000 TEU exports climb by 14.3% in ,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000, NAFTA World Total 17
18 Mexico joins China s million-teu club China/HK - Largest Export Markets United States 12,084, % Japan 3,778, % Mexico 2,798, % South Korea 1,862, % Germany 1,554, % United Kingdom 1,447, % Mexico already imports 1.5 million full TEUs from China (2006). Mexico is the fastest-growing large market for China/HK. 18
19 71% of North America s TEU imports from the Far East come from China, but only 36% of the value. 80% 70% North American Imports 60% 10.8 Million TEUs 50% 40% 30% 20% $213 Billion 10% 0% China Share of Total Far East TEUs China Share of Total Far East $$ 19
20 Market penetration in some sectors is reaching saturation 100% 90% 80% 70% Footwear Electrical Appliances 60% 50% Textiles 40% 30% 20% 10% 0% Footware Electrical Appliances and Houseware Textiles 20
21 But look at China s penetration of new market segments. 80% 70% 60% Office and Computing Equipment 50% 40% 30% 20% Semi-conductors, Electronic parts, etc. 10% 0% Semi-conductors, Electronic Tubes,etc Office and Computing Machinery 21
22 China Economic Summary There appears to be little risk at the macroeconomic level. Even with a soft landing we will see growth in excess of 8% GDP through The exchange rate will revalue smoothly. The financial markets, although not exactly stable, are also not seriously in danger of toppling. So long as Foreign Direct Investment continues, we will see the continuation of an export driven economy. 22
23 Agenda Global issues and trends affecting the world and U.S. economic outlooks What about China? Implications for sea trade in the U.S. Conclusions 23
24 As China expands its markets, the US becomes less important. US Share of China's Container Exports 40,000, % 35,000, % 30,000, % TEUs 25,000,000 20,000,000 15,000, % 20.0% 15.0% US Share of China's Exports 10,000, % 5,000, % World Total United States US Share of China Exports 0.0% 24
25 The USEC gained share of imports from the Far East in 2002, but the USWC has resumed it increase in share. US Coastal Shares of TEU Imports from the Far East 54.0% 52.0% 50.0% 48.0% 46.0% 44.0% 42.0% USEC Share USWC Share 25
26 The USWC will hold on to its 53% share of imported Chinese containers shipped to the U.S. Unless China & Hong Kong Containers to the USWC 14,000,000 12,000,000 10,000,000 Full TEUs 8,000,000 6,000,000 4,000,000 2,000, US West Coast United States 26
27 ... Mexico can implement this idea, to compete for US imports from the Far East. Container volumes will continue to grow. USWC port and rail congestion could return. All-water service cost may go up. There are wrinkles to iron out. 3.0 more days at sea (at 18 knots) 27
28 US container imports from Latin America will rise to equal imports from Europe. 18,000,000 16,000,000 14,000,000 12,000,000 TEUs 10,000,000 8,000,000 6,000,000 4,000,000 2,000, Latin Amer (Not Mexico) Far East European Union 28
29 US imports from Latin America will top 2.5 million this year (full TEUs). US TEUs Imported from Latin America % 4% 4% 4% 2% 1% Brazil 29% 8% Caribb Basin 15% 25% Brazil and Caribbean containers come through the USEC. Brazil Caribbean Basin Central America Chile Venezuela Argentina Peru Colombia Other West Coast of South America Other East Coast of South America 29
30 US container exports are dominated by the Far East and are about equal to Europe and Latin America. 3,500,000 The US exports only 1 container for every 5 imported from the Far East. 3,000,000 2,500,000 Full TEUs 2,000,000 1,500,000 1,000, ,000 Import/Export Ratio Far East 5 Latin America 2 Europe Latin America no Mex Far East 2 European Union 30
31 Agenda Global issues and trends affecting the world and U.S. economic outlooks What about China? Implications for sea trade in the U.S. Conclusions 31
32 Bottom Line World economic growth will remain robust in 2006, but will slow by year end. Enjoy it now. Emerging markets of Asia and Europe will experience the strongest growth; the Eurozone and Japan will lag behind. A growing trade deficit will further weaken the dollar, by 10-30% through China s currency adjustment will be gradual. The U.S. and Far East (China) will expand their imbalanced trade, with imports swamping exports. While transpacific container trade continues to climb, north-south trade will grow in importance. No recession is likely in 2006 or
33 Major Issues and Trends Facing the Port and Marine Transportation Industry Presented to: AAPA Marine Terminal Management Training Program April 24, 2006 Charleston Riverview Hotel Charleston, SC - USA Presented by: Robert West Managing Director, Global Trade & Transportation Global Insight robert.west@globalinsight.com Copyright Copyright Global Global Insight, Insight, Inc. 33
Trade Growth - Fundamental Driver of Port Operations and Development Strategies
Trade Growth - Fundamental Driver of Port Operations and Development Strategies Marine Terminal Management Training Program October 15, 2007 Long Beach, CA Paul Bingham Global Insight, Inc. 1 Agenda Economic
More informationShifts in Global Trade Patterns
Shifts in Global Trade Patterns Presented to: AAPA Shifting International Trade Routes and Planning for the Panama Canal Expansion January 23, 2008 Port of Tampa Presented by: Robert West Managing Director
More informationThe U.S. Economic Outlook
The U.S. Economic Outlook Presented to: Maquiladora Industry Outlook Conference September 29 2006 Presented by: Patrick Newport Principal, U.S. Macroeconomic Service 781-301-9125 patrick.newport@globalinsight.com
More informationTrade and Economic Trends
Trade and Economic Trends Marine Terminal Management Training Program Paul Bingham Managing Director, Global Commerce & Transportation IHS Global Insight Long Beach, CA September 21, 2009 The Global Recession
More informationThe World and U.S. Economy and San Pedro Bay Container Trade Outlook Forecast Review
The World and U.S. Economy and San Pedro Bay Container Trade Outlook Forecast Review Michael Keenan Harbor Planning and Economic Analyst Port of Los Angeles October 5, 2009 Review of 2007 Container Trade
More information2019 Global Travel Forecast: Air, Hotel and Ground Prices
2019 Global Travel Forecast: Air, Hotel and Ground Prices Methodology 28 countries and 10 US cities Airlines, Hotel, Rental Car Forecast in USD, guidelines on currency exchange forecast Forecast projections
More informationGulf Container Trade Outlook for 2017 and Beyond
Gulf Container Trade Outlook for 2017 and Beyond Houston, May 15, 2017 Mario.Moreno@ihsmarkit.com Agenda Gulf coast imports: top sourcing regions, fastest growing commodities, demand drivers and outlook.
More informationThe World Picture A View for Sea Trade
The World Picture A View for Sea Trade Presented to: AAPA Marine Terminal Management October 20, 2008 Baltimore, MD Presented by: Scott Sigman Principal, Global Trade & Transportation IHS Global Insight
More informationPaul Bingham Managing Director, Global Trade and Transportation February 18, 2009
Economic Outlook and Ports Paul Bingham Managing Director, Global Trade and Transportation February 18, 2009 The Outlook for Trade Depends on Goods Demand Integrated international supply-chains offer efficiencies
More informationGlobal Construction Outlook: Laura Hanlon Product Manager, Global Construction Outlook May 21, 2009
Global Construction Outlook: Short-term term Pain, Long-term Gain Laura Hanlon Product Manager, Global Construction Outlook May 21, 2009 What This Means for You The world is set to be hit this year with
More informationCost and Benefit Analysis of Possible Philippine Participation in the Trans-Pacific Partnership Agreement
Cost and Benefit Analysis of Possible Philippine Participation in the Trans-Pacific Partnership Agreement (available at: http://www.gii.ncr.vt.edu/docs/gii_wp2014-1.pdf) Caesar B. Cororaton and David Orden
More informationDr Neil J. Bristow. 8 th WSD Steel Success Strategies European Steel Conference London, 30 th November H & W Worldwide Consulting
Dr Neil J. Bristow 8 th WSD Steel Success Strategies European Steel Conference London, 30 th November 2010 neil.j.bristow@hwworldwideconsult.com +61240286268 H & W Worldwide Consulting 1. Brief comparison
More informationThe Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies
The Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies Chief Economist, PAGI Group, JLL (Port, Airport & Global Infrastructure) Agenda Where are we in the cycle? What are the barriers
More informationInternational Trade Economic Forecasts An Overview of Orange County and Southern California Exports
International Trade Economic Forecasts An Overview of Orange County and Southern California Exports Mira Farka Adrian R. Fleissig Institute for Economic and Environmental Studies Orange County / Inland
More informationInland Empire International Trade Economic Forecast
Inland Empire International Trade Economic Forecast Mira Farka Adrian Fleissig Institute for Economic and Environmental Studies Orange County / Inland Empire Regional SBDC Network California State University,
More informationShifting International Trade Routes A National Economic Outlook. February 1, 2011
Shifting International Trade Routes A National Economic Outlook February 1, 2011 Today s Objectives Endeavor to provide a broad context for today s program by briefly touching on: Some good news Some not
More informationPost-Bubble Global Trends. AAPA Webinar. February 18, Dr. Walter Kemmsies, Chief Economist Moffatt & Nichol Commercial Analysis Group
Post-Bubble Global Trends AAPA Webinar February 18, 2009 Dr. Walter Kemmsies, Chief Economist Moffatt & Nichol Commercial Analysis Group Takeaways The world economy is circling the drain World is wealthier
More informationAirline industry outlook 2019
Airline industry outlook 2019 Brian Pearce Chief Economist 12 December 2018 Million barrels a day US$ per barrel Are the markets signalling recession ahead? 60 55 Business confidence (left scale) FTSE
More informationGlobal economic cycle has slowed
Year-on-year % change Confidence index, 50= no change Global economic cycle has slowed 25% 70 20% International trade growth 65 15% 10% Industrial production growth 60 5% 55 0% 50-5% Business confidence
More informationChina s Industrial Capabilities and Trade
China s Industrial Capabilities and Trade Loren Brandt Thomas Rawski June 16, 2005 Key Facts: China, 2003 Population: 1.3 billion (1 st ) GNP: $US 1.4 trillion (3 rd ) Foreign Trade: $US 850.1 (3rd) GNP
More informationOpportunities in a Challenging Global Business Environment: Can the World Avoid a Double-Dip?
Opportunities in a Challenging Global Business Environment: Can the World Avoid a Double-Dip? Ross DeVol Chief Research Officer (310) 570 4615 rdevol@milkeninstitute.org www.milkeninstitute.org Presentation
More informationNew Growth Segments for the Air Cargo Industry
Page 1 New Growth Segments for the Air Cargo Industry 4 th Air Cargo Economics Conference Prague, April 22-23, 2004 Page 2 Assumptions Primary commodity sectors and their growth Perishables: are they really
More informationDevelopment of Logistics Infrastructures in the World and its Impact on Latin America: Trends and Perspectives
Robert West bob.west@worleyparsons.com 10 April 2012 Development of Logistics Infrastructures in the World and its Impact on Latin America: Trends and Perspectives Main Topics Global Economic and Trade
More informationImpacts of the Global Economy on Asia Pacific Travel. 29 June 2007 John Walker
Impacts of the Global Economy on Asia Pacific Travel 29 June 2007 John Walker jwalker@oxfordeconomics.com Oxford Economics Founded in 1981 Over 300 clients including blue chip companies and government
More informationOutlook for Global Recovered Paper Markets
Outlook for Global Recovered Paper Markets Latin American Conference August 2016 Kurt Schaefer VP, Fiber Hannah Zhao Senior Economist, Recovered Paper Copyright 2016 RISI, Inc. Proprietary Information
More informationA More Competitive World
A More Competitive World Pacific Northwest Freight Movement Opportunities and Risks 2013 Annual Convention Portland, Oregon October 3, 2013 Tom McCollough, Vice President Moffatt & Nichol 1 Major trends
More informationUS imports from emerging economies have grown rapidly
US imports from emerging economies have grown rapidly Ratio to GDP (current dollars) 0.07 US merchandise imports, 1978 2008 0.06 0.05 0.04 0.03 0.02 Industrial Non-OPEC other 0.01 0 OPEC = Organization
More informationInternational Economic Outlook: Shifting International Trade Routes
International Economic Outlook: Shifting International Trade Routes Larry Boorstein, Project Manager, AECOM Prepared for Shifting International Trade Routes, January 29-30, 2015, Tampa, presented by AAPA
More informationSession 4. Growth. The World Economy Share of Global GDP Year 2011 (PPP)
Session 4. Growth Stylized Facts on Standards of Living across Countries Characterizing Growth over 1 Years: The US Economy Growth Dynamics of the G7 Countries and the OECD Economies Characterizing Growth
More informationRISI LATIN AMERICAN CONFERENCE. (São Paulo, 16 August 2016) The Latin American Economy: Some Successes, Many Disappointments
RISI LATIN AMERICAN CONFERENCE (São Paulo, 16 August 2016) The Latin American Economy: Some Successes, Many Disappointments Andrea Boltho Magdalen College University of Oxford and Oxford Economics GDP
More informationFuture Global Trade Trends - Risks & Opportunities. Pulse of the Ports: Peak Season Forecast March 21, 2013
1 Future Global Trade Trends - Risks & Opportunities Pulse of the Ports: Peak Season Forecast March 21, 2013 June 2012 Dr. Walter Kemmsies Chief Economist Summary Higher economic growth in 2013, possible
More informationWorld Trade Services Outlook
World Trade Services Outlook Copyright 2005 Global Insight, Inc. Paul Bingham Global Insight, Inc. October 26, 2006 Macro View of Trade Confirms Globalization s Long-term Impact on the U.S. Economy 18
More informationU.S. Overview. Gathering Steam? Tuesday, October 1, 2013
U.S. Overview Gathering Steam? Tuesday, October 1, 2013 Uneven global economic recovery Annual real GDP growth projections (%) Projections 2013 2014 World 3.1 3.1 3.8 United States 2.2 1.7 2.7 Euro Area
More informationI. World trade in Overview
I. Table I.1 Growth in the volume of world merchandise exports and production by major product group, 1995-3 ( change) 1995-21 22 23 World merchandise exports 7. -.5 3. 4.5 Agricultural products 3.5 2.5
More informationGlobal Outlook for Agriculture Trend versus Cycle
Global Outlook for Agriculture Trend versus Cycle Michael Swanson Ph.D. Wells Fargo October 2017 Everything is connected we just don t see how. Connection corollary: Nothing natural moves in a straight
More informationConstruction Market Opportunities and Risks
Construction Market Opportunities and Risks Construction Teleconference 11:00 a.m. to 12:00 noon June 3, 2004 Copyright 2003 Global Insight, Inc. Speakers Global Construction Outlook Chris Holling, Executive
More informationDr. Walter Kemmsies Managing Director, Economist and Chief Strategist JLL Ports Airports & Global Infrastructure (PAGI)
Dr. Walter Kemmsies Managing Director, Economist and Chief Strategist JLL Ports Airports & Global Infrastructure (PAGI) 2019 What is PAGI JLL Ports, Airports and Global Infrastructure Team (PAGI). Unique
More informationRegional Economic Integration in East Asia and Japan s FTA Policy. November 18, Shujiro URATA Waseda University
Regional Economic Integration in East Asia and Japan s FTA Policy November 18, 2010 Shujiro URATA Waseda University Contents I. Introduction II. Market-Driven Regional Economic Integration III. A Shift
More informationGlobal growth forecasts Key countries/regions,
Global growth forecasts Key countries/regions, 2014-2018 Percent 7 6 5 4 3 2 1 0 Developing Asia Sub-Saharan Africa Middle East and North Africa Latin America and the Caribbean United States Euro area
More informationMarket Insights. March 29, 2019
March 29, 2019 Economic Overview 2 Global & Regional Growth Forecasts IMF GDP Forecasts (% change YoY) 2010 2011 2012 2013 2014 2015 2016 2017 2018 Advanced Economies 1.2% 1.4% 2.1% 2.3% 1.7% 2.4% 2.3%
More informationMarket Insights. June 30, 2018
June 30, 2018 Economic Overview 2 Global & Regional Growth Forecasts IMF GDP Forecasts (% change YoY) 2010 2011 2012 2013 2014 2015 2016 2017 2018 Advanced Economies 1.7% 1.2% 1.3% 2.1% 2.3% 1.7% 2.3%
More informationThe Economic Outlook. Economic Policy Division
The Economic Outlook Economic Policy Division Glass Half Full Six years of steady growth Real GDP Outlook Percent Change, Annual Rate 10 5 0-5 -10 1980 1985 1990 1995 2000 2005 2010 2015 Glass Half Full
More informationVermont Economic Conference:
Vermont Economic Conference: Mapping Our Economic Future Michael Dolega Director & Senior Economist TD Economics January 5 2018 Summary Global economy gathering speed, leading to another upgrade in outlook.
More information2019 AAPA. Planning for Shifting Trade Tampa, FL. Joshua Hurwitz. January 30, 2019
2019 AAPA Planning for Shifting Trade Tampa, FL January 30, 2019 Joshua Hurwitz Commercial & Technical Advisory Services Who we serve Commercial Advisory Services Port Engineering / Design / Operations
More informationHow Global Trade Is Driving Demand For Ports
How Global Trade Is Driving Demand For Ports 17 April, 2018 Dr. Walter Kemmsies Chief Strategist JLL Ports Airports and Global Infrastructure JLL Ports Airports and Global Infrastructure Capital Markets
More information5. Golf Industry Trends and Developments in the US 6. The US Macro Economy Factors and Impact over Golf Industry
TABLE OF CONTENTS 1. Golf Industry Performance Worldwide 1.1. Overview 1.2. Global Golf Equipment Demand and Economy 2. The US Golf Industry Overview 2.1. Industry Segmentation 3. Industry Performance
More informationThe US Economic Outlook
IHS ECONOMICS US Outlook The US Economic Outlook November 2014 ihs.com Rafael Amiel, Director latin America Economics +1 215 789 7405, rafael.amiel.ihs.com 2014 IHS The US economy is gaining momentum Growth
More informationCanadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States?
Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States? Nigel Gault Chief U.S. Economist Dale Orr Canadian Macroeconomic Services Copyright 2008 Global Insight, Inc.
More informationThe End of Hyper growth: Political and Economic Responses to a Slowing China
The End of Hyper growth: Political and Economic Responses to a Slowing China Barry Naughton IR/PS, UC San Diego 5 th Annual G2 at GW Conference October 12, 2012 Conclusions (Seriously) Forces that are
More informationIndia: Can the Tiger Economy Continue to Run?
India: Can the Tiger Economy Continue to Run? India s GDP is on the rise US$ trillions Nominal GDP (left axis) GDP growth (right axis) 3.0 2.5 2.0 1.5 1.0 0.5 0.0 1990 1992 1994 1996 1998 2000 2002 2004
More informationChina and Latin America: Opportunities and Challenges
China and Latin America: Opportunities and Challenges Alicia García-Herrero - Chief Economist Emerging Markets Economic Research Department BBVA Medellin, IADB Annual Meetings, March 2009 1 Contents China
More informationThe Aftermath of Global Financial Crises
The Aftermath of Global Financial Crises Carmen M. Reinhart, University of Maryland, NBER, and CEPR Brookings Institution Washington DC, April 20, 2009 This talk is based on several works with Kenneth
More informationGlobal Mineral Commodity Prices: Perspectives and Trends
17 th Brazilian Mining Congress and EXPOSIBRAM 2017 Global Mineral Commodity Prices: Perspectives and Trends When Will the Market Hit Deficit: Risks, Opportunities, China s Changing Consumption Pattern,
More informationEnergy Outlook Global and Domestic Trends and Challenges. Dr. John Caldwell Director of Economics, EEI 1
Energy Outlook Global and Domestic Trends and Challenges Dr. John Caldwell Director of Economics, EEI 1 World GDP Growth Other Economies are Outpacing the U.S. Other, 7996.16, 11% Africa, 3962.51, 6% Latin
More informationOverview of trade and export trends in the boating industry worldwide.
by: Mike Derrett Overview of trade and export trends in the boating industry worldwide. European Boating Industry Conference Genoa 4 th October 2013 Mike Derrett Credentials Boater and Pilot for 50 years
More informationThe U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services
The U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services Growth Is Cooling; But a Soft Landing Is Likely (Real GDP, annualized rate of growth)
More informationDr. Greg Hallman Director, Real Estate Finance and Investment Center (REFIC) McCombs School of Business University of Texas at Austin
Dr. Greg Hallman Director, Real Estate Finance and Investment Center (REFIC) McCombs School of Business University of Texas at Austin POWERPOINT PARTNER The US Economy today, with a close look at jobs
More informationIndian Economy in Graphs. Arvind Panagariya Columbia University
Indian Economy in Graphs Growth in GDP and Per-capita GDP 9 8.3 8 7 6.7 6 5.8 5 4 3 2 4.1 2.2 3.2 4.6 2.2 3.7 1 0.8 0 Phase I (1951-64) Phase II (1965-81) Phase III (1981-88) Phase IV (1988-03) Phase V
More informationThe Rise of China and Breaking out the Middle- Income Trap in Latin America and the Caribbean countries: A New Structural Economics Approach
The Rise of China and Breaking out the Middle- Income Trap in Latin America and the Caribbean countries: A New Structural Economics Approach Justin Yifu Lin Senior Vice President and Chief Economist The
More informationFAPRI 2006 Preliminary Baseline December 15-16, 2005
FAPRI 26 Preliminary Baseline December 15-16, 25 INTERNATIONAL SUGAR Amani Elobeid (515)-294-6175 amani@iastate.edu FAPRI Food and Agricultural Policy Research Institute Center for Agricultural and Rural
More informationThe Economic Transformation of East Asia During the Past Thirty Years
Tel: (852)3550-7070; Fax: (852)2104-6938 Email: lawrence@lawrencejlau.hk; WebPages: www.igef.cuhk.edu.hk/ljl *All opinions expressed herein are the author s own and do not necessarily reflect the views
More informationMarket Report Series Oil SIEW 2017 launch - 28 March 2017
Market Report Series Oil 2017 SIEW 2017 launch - 28 March 2017 Oil demand continues to grow but at a slower pace 2.0 Global oil demand growth 2014-2022 1.5 1.0 0.5 0.0 2014 2015 2016 2017 2018 2019 2020
More informationAssessing Risks to the Global Economy Amid Rising Political Uncertainty
AUTOMOTIVE Assessing Risks to the Global Economy Amid Rising Political Uncertainty 8 September 2016 Detroit Nariman Behravesh, Chief Economist, +1 781 301 9101, nariman.behravesh@ihsmarkit.com. All Rights
More informationSchool of international and Public Affairs. Columbia University Manuel Pinho
School of international and Public Affairs Columbia University Manuel Pinho SPHERE WITH CORE What matters to China matters to the world Do not give lessons to China: Europe and the US The challenges: Growth
More informationThe Economic Outlook. Economic Policy Division
The Economic Outlook Economic Policy Division Glass Half Full Six plus years of moderate growth Real GDP Outlook Percent Change, Annual Rate 10 5 0-5 -10 1980 1985 1990 1995 2000 2005 2010 2015 Glass Half
More informationUSJI Event Is the TPP a Source of Cooperation or Conflict?: Japan s Perspective
USJI Event Is the TPP a Source of Cooperation or Conflict?: Japan s Perspective May 17, 2012 Shujiro URATA Waseda University 1.TPP: Trans Pacific Partnership Agreement Origin: P4 (Chile, New Zealand, Singapore,
More informationChief Economist s Report
Chief Economist s Report 22 February 2017 IATA Legal Symposium, Washington Brian Pearce Chief Economist, IATA Airline Industry Economics Advisory Workshop 2016 1 Themes 1. World economy still stuck on
More informationInternational Economic Shocks and the Challenges of International Corporations
RIETI Policy Symposium International Economic Shocks and the Challenges of International Corporations Ryuhei Wakasugi Research Counselor, RIETI Professor Kyoto University and Keio University R. Wakasugi
More informationThe outlook: what we know, the known unknowns and the unknown unknowns
The outlook: what we know, the known unknowns and the unknown unknowns 24 April 2017 Seoul Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1
More informationGlobal Containerboard Outlook
Global Containerboard Outlook With a focus on the Asian market RISI Asian Conference May 2017 Ken Waghorne VP, Global Packaging Ken Waghorne VP Global Packaging kwaghorne@risi.com One of the original Resource
More informationGrasshoppers, Ants and Locusts: the future of the world economy
Ralph Miliband Series on the Restructuring of World Power Grasshoppers, Ants and Locusts: the future of the world economy Martin Wolf Associate editor and chief economics commentator, Financial Times Professor
More informationGlobal Economic Outlook
Global Economic Outlook Mark A. Wynne Vice President & Associate Director of Research Director, Globalization & Monetary Policy Institute Federal Reserve Bank of Dallas Presentation to Vistas Conference
More informationSteel: A Buyer s Market for the Worst of Reasons. John Anton Director, IHS Global Insight Steel Service August 2009
Steel: A Buyer s Market for the Worst of Reasons John Anton Director, IHS Global Insight Steel Service August 2009 The U.S. Recession Is Bottoming Out This recession has been the most severe of the postwar
More informationAirlines, the economy and air transport demand
Airlines, the economy and air transport demand Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1 Returns for airlines investors lower this year;
More informationTrade Winds in Agriculture
Trade Winds in Agriculture November 2, 2018 Dr. Scott Brown MU-CAFNR: Director of Strategic Partnerships brownsc@missouri.edu http://amap.missouri.edu Overview Trade uncertainty has increased as past trade
More informationReading the Tea Leaves: Investing for 2010 and Beyond
Reading the Tea Leaves: Investing for 2010 and Beyond Wednesday, April 28, 2010; 8:00 AM - 9:15 AM Moderator: Maria Bartiromo, Anchor, CNBC's Closing Bell With Maria Bartiromo Speakers: Nick Calamos, President
More informationEconomic Outlook March Economic Policy Division
Economic Outlook March 212 Economic Policy Division Real GDP Outlook Percent Change, Annual Rate 2 1 1 - -1 197 197 198 198 199 199 2 2 21 U.S. GDP Actual and Potential Quarterly, Q1 197 to Q4 211 Real
More informationWorld supply and demand of tilapia
World supply and demand of tilapia by Helga Josupeit FAO Rome, October 2010 World tilapia production World tilapia production has been booming during the last decade, with output doubling from 830000 tonnes
More informationBunker Related Charges and Currency Adjustment Factor Application from / to Asia and Oceania
Bunker Related Charges and Currency Adjustment Factor Application from / to Asia and Oceania July 2, 2014 Dear Customer, Please be informed about the Bunker Charge (BUC), Bunker Adjustment Factor (BAF)
More informationSetting the scene The ICT landscape in BRIC countries
1 Setting the scene The ICT landscape in BRIC countries / Disclaimer The views expressed are those of the presenter and may not in any circumstances be regarded as stating an official position of the European
More informationNorth American Forging Shipment Forecast (Using FIA bookings information through December 2013)
North American Forging Shipment Forecast 2014-2018 (Using FIA bookings information through December 2013) Percent Change Year Ago Best leading indicator combination for impression die bookings used to
More informationAgricultural Outlook: Rebalancing U.S. Agriculture
Agricultural Outlook: Rebalancing U.S. Agriculture Michael J. Swanson Ph.D. Agricultural Economist January 2018 2018 Wells Fargo Bank, N.A. All rights reserved. For public use. The U.S. Ag Sector renormalizes!
More informationBunker Related Charges and Currency Adjustment Factor application from / to Asia and Oceania
Bunker Related Charges and Currency Adjustment Factor application from / to Asia and Oceania April 1 st, 2011 Dear Customer, Please be informed about the Bunker Charge (BUC), Bunker Adjustment Factor (BAF)
More information18 th May Global Steel Industry Trends: Is the perception the reality?
18 th May 2004 Global Steel Industry Trends: Is the perception the reality? Investors have perceived the steel industry negatively Poor returns over the long term, high volatility, relatively small size
More informationGlobal trade: how does it look?
Edmonton, December 2018 Global trade: how does it look? Marie-France Paquet The Office of the Chief Economist Global Affairs Canada Overview 1. Canadian economy at a glance 2. Provincial economy at a glance
More informationThis Time is Different: Eight Centuries of Financial Folly
This Time is Different: Eight Centuries of Financial Folly Carmen M. Reinhart, University of Maryland, NBER, and CEPR Kenneth S. Rogoff, Harvard University and NBER (Princeton University Press, forthcoming
More informationSusan J. Adams, PhD IMF-PFTAC Coordinator
A MACROECONOMIC PORTRAIT OF THE PACIFIC: A Presentation for PEGASeS August 16, 2007 Susan J. Adams, PhD IMF-PFTAC Coordinator Compiled by the IMF Asia and Pacific Department Edited by PFTAC OUTLINE OF
More informationGlobal Containerboard Outlook
Global Containerboard Outlook European Conference March 2018 Gleb Sinavskis Economist, European Paper Packaging Copyright 2018 RISI, Inc. Proprietary Information Gleb Sinavskis Economist, European Paper
More informationThe Panama Canal connects 144 trade routes across the globe
The Panama Canal connects 144 trade routes across the globe GDP growth rate last 10 years 7.5% GDP estimated- 2013 (millions of dolllars) 38,633 GDP per capita - 2013 estimated (in dollars) 10,032 Population
More informationMaximizing Tourism Marketing Investments A Canadian Perspective
Maximizing Tourism Marketing Investments A Canadian Perspective Understanding the potential of markets Economics: GDP; Inflation; Unemployment; Employment; Disposable Income; Private Consumption; Consumer
More informationAt The Fork In The Road. Outlook for 2012 and Beyond AAPA Port Finance Seminar April 18, 2012
At The Fork In The Road Outlook for 2012 and Beyond AAPA Port Finance Seminar April 18, 2012 ENR Top 100 company, founded in 1945 in Long Beach, California Offices: US, Guam, Canada, Europe, Middle East,
More informationThe Economic Relationship between the Mainland and Hong Kong
The Economic Relationship between the Mainland and Hong Kong Lawrence J. Lau, Ph. D. Ralph and Claire Landau Professor of Economics, The Chinese Univ. of Hong Kong and Kwoh-Ting Li Professor in Economic
More informationRBC Economics Financial Update Dawn Desjardins
RBC Economics Financial Update Dawn Desjardins CICA/RBC Q4 2011 Business Monitor Economic Results Overview Business and Economic Optimism Begin to Stablize 100 % 80 % 60 % 40 % 20 % 0 % National Optimism
More informationThe Global Recession: How Bad, How Long? The Global Recovery: How Robust, How Widespread?
ECONOMIC OUTLOOK CONFERENCE 18 JUNE 2009 HILTON SANDTON, JOHANNESBURG The Global Recession: How Bad, How Long? The Global Recovery: How Robust, How Widespread? Nariman Behravesh Chief Economist June 18,
More informationCan Manufacturing Still be a Driver of
Can Manufacturing Still be a Driver of Inclusive Growth? Robert Z Lawrence Albert L Williams Professor of Trade and Investment Harvard Kennedy School Senior Fellow, MasterCard Center for Inclusive Growth
More informationToray s Global Operations. Share it...
Toray s Global Operations Share it... 23 With strategic presence and advanced technology, growing with communities Toray Group s global production began to expand in 1963 with the commencement of fiber
More informationSTORM FORECASTS: The only independent source of animal health and animal agriculture historical market data and forecasts
The only independent source of animal health and animal agriculture historical market data and forecasts June 2016 1 What is STORM FORECASTS? STORM FORECASTS is the only independent source of animal health
More informationCargo outlook Brian Pearce Chief Economist. 13 December 2018
Cargo outlook 2019 Brian Pearce Chief Economist 13 December 2018 1 Cargo revenue contribution stabilizing 2 % total revenues 82% 80% 78% 76% 74% 72% 70% 68% 66% 64% 62% 2008 2009 2010 2011 2012 2013 2014
More informationChina at a glance 2011
China at a glance 2011 GDP PPP Growth rate Per capita Value US$11.29 trillion 9.2% US$8,400 Ranking 3 7 119 Labor force Imports Exports Value 816.2 million US$1.74 trillion US$1.90 trillion Ranking 1 3
More informationTitleChina Factor and Economic Developme.
TitleChina Factor and Economic Developme Author(s) Lin, Chu-chia Citation Issue 2010-04 Date Type Presentation Text Version publisher URL http://hdl.handle.net/10086/18553 Right Hitotsubashi University
More information