SURVEY Industry forecast
LOOKING INTO THE FUTURE
Aviation industry representative body IATA has warned of “economic turmoil” ahead in the early part of 2012. Longer term forecasts, however, remain optimistic for strong growth – but where will that take place? As usual, it will be those who make the right choices who will profit
International Transport Forum, a strategic think tank at the OECD (Organisation for Economic Co- operation and Development), highlights
T
he latest global freight data collected over a period running to September 2011 by the
a concern that falling global freight volumes are indicative of a macroeconomic stagnation of major world economies. The data showed that trade by sea in
the member states of the EU and the US has slumped to below 2008-09 pre-
crisis levels, while trade by air, always considered as a lead economic indicator, suggests a near-term decline. In line with these findings, the OECD says exports by air in the EU have fallen back to their June 2008 pre-crisis levels and they have been at that level since
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