The International Monetary Fund (IMF) on Friday lowered its economic growth projections for the European Union in each of the next three years.
-snip-
Recent industry reports on trade and transportation have warned of the potentially widespread impact of the so-called Brexit vote. Nonprofit public policy institute The Stimson Center said the decision could have negative implications for the Transatlantic Trade and Investment Partnership (TTIP)between the U.S. and EU, as well as the sweeping 12-nation Trans-Pacific Partnership, while Norway-based ocean procurement software provider Xeneta said the Brexit will have a negative impact across all parties involved in container shipping, from shippers, to freight forwarders and the ocean carriers themselves.
To read the full article click here.