Latin America box growth slump
The global container trade to GDP growth ratio of four-to-one has slipped close to two-to-one for Latin America, according to figures from the United Nations Economic Commission for Latin America and the Caribbean (CEPAL).
This, said the commission’s regional expert on infrastructure and ports Ricardo Sánchez, is “a warning that things are happening”.
Mr Sánchez referred to a “seesaw game”, explaining that there are now more factors pushing the growth rate down than there are pushing it up in Latin America.
The trade multiplier for Latin America was 3.55% from 2003–2008 but slipped to 2.16% for 2010–2016, according to CEPAL.
Worldwide, container trade growth is expected to hit 5.1% this year, but slip back to 4.8% next year, Mr Sánchez added.
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