The German economy would grow 0.2% in 2024 and 1.3% in 2025, following a 0.3% contraction in 2023, according to projections by the International Monetary Fund (IMF). In its most recent performance, Germany‘s Gross Domestic Product (GDP) declined 0.3% in the fourth quarter of 2023 compared to the
The cost of transporting containers from Shanghai, the world’s largest port, to Los Angeles doubled between October 2023 and mid-March 2024. Meanwhile, the cost of transporting containers from Shanghai to Genoa or Rotterdam more than tripled in the same period. Overall, according to UNCTAD, all segments of seaborne
Mexico‘s GDP growth will be 2% in 2024, according to UNCTAD projections and 2.4% according to IMF estimates. From UNCTAD’s perspective, Mexico benefited from the resilience of the U.S. economy in 2023, although the drop in oil prices contributed to a current account deficit and negatively affected government
Problems in key transportation arteries, the Panama Canal and the Red Sea, have raised the costs of transiting these maritime routes. Since the United Nations Conference on Trade and Development (UNCTAD) first published the Trade and Development Report 2023, both negative shocks have affected maritime routes, the backbone
Over the past several months, Pemex has delayed payments to Tenaris beyond the agreed due dates, resulting in significant credit exposure to Pemex, which represented approximately 20% of that private company’s overall credit exposure as of December 31, 2023. Historically, Tenaris has not had any significant write-offs due
Germany-based Robert Bosch led the world’s auto parts sales in 2022, followed by Denso Corporation and ZF Friedrichshafen AG. Bosch primarily produces powertrain solutions, chassis system control, electric drives, automotive multimedia, electronics, aftermarket products and steering. This was followed by Magna International, Contemporary Amperex Technology Co., Hyundai Mobis,