The Global Risks Report 2022, published by the World Economic Forum in collaboration with Marsh McLennan, examines how global divergence across multiple domains in the post-COVID-19 recovery threatens to widen disparities and aggravate societal fractures.
Drewry analysis of carrier profits and freight rates reinforces the view that the elevated profits of ocean carriers are the result of higher freight rates – not higher business volumes, additional services or lower costs. For example, neither Maersk nor Hapag-Lloyd carried more containers in the latest quarter than in the same quarter of 2020.
This chart shows how China will soar past the U.S. to become the world’s largest economy by 2030
Meanwhile, the total GDP of the global economy is predicted to double between 2022 and 2035.