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    Review of Maritime Transport Part 2

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    leojackanthony cabido
    E-commerce expansion and stimulus packages contributed to rebounding trade flows following the pandemic downturn, while vaccine rollouts increased optimism in advanced regions, and restocking, inventory expansion, and pent-up auto demand also supported recovery. Unlike in 2009, the 2020 downturn was not globally synchronized, allowing for a relatively fast rebound, with maritime trade projected to grow 4.3% in 2021 alongside merchandise trade and output.

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    Review of Maritime Transport Part 2

    Uploaded by

    leojackanthony cabido
    20 views1 page
    E-commerce expansion and stimulus packages contributed to rebounding trade flows following the pandemic downturn, while vaccine rollouts increased optimism in advanced regions, and restocking, inventory expansion, and pent-up auto demand also supported recovery. Unlike in 2009, the 2020 downturn was not globally synchronized, allowing for a relatively fast rebound, with maritime trade projected to grow 4.3% in 2021 alongside merchandise trade and output.

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    E-commerce expansion and stimulus packages contributed to rebounding trade flows following the pandemic downturn, while vaccine rollouts increased optimism in advanced regions, and restocking, inventory expansion, and pent-up auto demand also supported recovery. Unlike in 2009, the 2020 downturn was not globally synchronized, allowing for a relatively fast rebound, with maritime trade projected to grow 4.3% in 2021 alongside merchandise trade and output.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    20 views1 page

    Review of Maritime Transport Part 2

    Uploaded by

    leojackanthony cabido
    E-commerce expansion and stimulus packages contributed to rebounding trade flows following the pandemic downturn, while vaccine rollouts increased optimism in advanced regions, and restocking, inventory expansion, and pent-up auto demand also supported recovery. Unlike in 2009, the 2020 downturn was not globally synchronized, allowing for a relatively fast rebound, with maritime trade projected to grow 4.3% in 2021 alongside merchandise trade and output.

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    The expansion of e-commerce, particularly in the United States, as well as substantial stimulus packages

    contributed to the rebound in trade flows.Following the introduction of vaccines, advanced regions
    experienced a general increase in optimism.However, there were other factors at play as well, such as
    restocking and expanding inventory and releasing previously untapped automobile demand.In contrast
    to the global financial crisis of 2009, the downturn was not synchronized globally, which contributed to
    the relatively quick rebound.Figure 1 shows that maritime trade is expected to grow by 4.3% in 2021 in
    tandem with the recovery in merchandise trade and global output.

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