Global Freight Data Highlight Continuous Dependency On Asia-led Growth
The latest update of global freight data collected by the International Transport Forum at the OECD through December 2013 reinforces Asia’s role as the locomotive of growth:
- USA and EU27 external trade, measured in tonnes of goods moved, remain stagnant;
- Dependency on Asia, especially China, for global growth intensifies;
- Brazil’s external trade by air, considered as a lead indicator, declines to below pre-crisis levels;
- Inland freight remains weak in the EU area, the USA and the Russian Federation.