Global trade falls amid Houthi attacks on merchant ships in Red Sea
by Jack Simpson and Sarah Butler from Economics | The Guardian on (#6HS8D)
Maersk boss says it could take months before trade route is safe to traverse
Global trade fell in December as Houthi attacks on merchant ships in the Red Sea disrupted operations. The boss of the world's biggest shipping line has said it could take months before the trade route is safe to traverse.
Global trade dropped by 1.3% in December, with a significant fall in shipments in the Red Sea driving that fall, according to figures from IfW Kiel.
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