World Trade Forecast Cut as Maersk Flags Fears for Economy
- Outlook signals supply shock has turned into demand decline
- Maersk controls about one-sixth of world’s container trade
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Shipping giant A.P. Moller-Maersk A/S, a bellwether for the world economy, lowered its estimate for global container trade, indicating that weak demand continues to hamper economic activity after years of supply shocks.