Times of Malta 05/10/2014: Exports from Malta are forecast to grow by 80 per cent in the coming 15 years, according to HSBC head of trade and receivables in Europe Steve Box, with tremendous opportunities being generated in shipping and logistics for Malta to exploit.
The forecast is unchanged from three years ago, when HSBC had
predicted annualised growth of 0.69 per cent to 2016, rising to 5.65 per
cent between 2017 and 2021.
Mr Box was speaking at the presentation of the HSBC Global Trade
Forecast, which found that exporters and importers in sectors such as
transport equipment and metals would be the first beneficiaries as the
pace of growth in cross-border commerce recovered to eight per cent in
2016, from just 2.5 per cent last year.
Looking ahead to 2020, the forecast – which looks at 25 economies –
predicts that global merchandise trade would more than triple as
companies capitalised on increasing productivity and consumer wealth in
emerging markets. The importance of external trade for...read on.