All six cylinders are working - Good Outlook
All six cylinders are working - Good Outlook And in 2022, trade between the U.S. and China reached record levels. Shipping rates, another measure of trade activity, have improved over the past couple of years. As the world emerged from the COVID-19 pandemic, shipping rates plummeted. Since its peak in September 2021, the WCI Composite Container Freight Benchmark rate has been down 80%. And global supply chains are nowhere near as strained as they were during the pandemic. Russia tensions will be less or gone in H2 China will replace Russia as the naughty Man of the world.
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