This has been a remarkable year in history and in the world of Freight Transportation. Here are some observations on the major developments that will shape 2019.
1. The Coming Economic Downturn and Recession
The looming emerging markets credit crisis is expected to grow in both scale and scope. Some emerging markets have come under serious economic and financial stress as a result of foreign-denominated debt and currency depreciations. An emerging markets credit crisis will unfold in 2019.
Most economic forecasters, including various government agencies and big Wall Street banks, expect the American economy to continue growing in 2019. But there is a broad consensus that the pace will slow as the “sugar high” provided by the Trump administration’s $1.5 trillion tax cut and spending increases begin to wear off.
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