Subscribe to RSS feedDeveloping nations key to recovery
by
Richard Meade, Oslo
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last modified
Jun 19, 2009 03:34 PM
DVB Bank head of shipping Dagfinn Lunde has issued a bullish forecast of increasing demand for shipping, but warned that protectionism, a potential banking collapse and massive oversupply all still threaten recovery.
Pointing to a growth rate of 6%-8% across developing countries, Mr Lunde said emerging economies had been underestimated and that the global recession was “an OECD phenomena”.
He added that while 65% of global gross domestic product is still...
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