OECD outlook raises cautious optimism for global recovery

RECENT strong increases in container volumes on the trans-Pacific and Asia-Europe trades have prompted some optimistic speculation that the recovery is more than just a restoration of volumes lost during the downturn, but might represent a resumption of more sustained growth.

More cautious voices are adopting a wait and see attitude and point to the economic problems in many European countries and the gradual recovery in the US. What happens after the annual peak season this summer will be a crucial...

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