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Goldman Sachs: American GDP will shrink 24pc in second quarter
来源： 编辑：编辑部 发布：2020/03/30 11:33:08
ECONOMISTS at Goldman Sachs are now forecasting a staggering 24 per cent decline in US GDP in the second quarter, reports Copenhagen's Sea-Intelligence.
US business inventories are expected to be 10 per cent larger than just before the financial crisis when compared to the magnitude of sales, said the report.
During the financial crisis, inventories were reduced 18 per cent. Restrictions are now being implemented in ports, with a few even banning vessels if they have been in virus affected countries or shutting down when they find workers testing positive, it said.
An oil price war drastically lowers carriers?costs as well as generates a positive cash flow effect. However, it also seriously undermines the investment case for scrubbers - we have seen the low-sulphur premium drop from a peak around US$300 per ton at the start of the year down to $60 per ton.
At the same time, scrubber installations are seriously delayed in China due to the virus. The consequence might well be that vessels which were otherwise planned to go for scrubber installation instead re-enter the operational fleet. This would add more capacity to a situation where
US business inventories are expected to be 10 per cent larger than just before the financial crisis when compared to the magnitude of sales, said the report.
During the financial crisis, inventories were reduced 18 per cent. Restrictions are now being implemented in ports, with a few even banning vessels if they have been in virus affected countries or shutting down when they find workers testing positive, it said.
An oil price war drastically lowers carriers?costs as well as generates a positive cash flow effect. However, it also seriously undermines the investment case for scrubbers - we have seen the low-sulphur premium drop from a peak around US$300 per ton at the start of the year down to $60 per ton.
At the same time, scrubber installations are seriously delayed in China due to the virus. The consequence might well be that vessels which were otherwise planned to go for scrubber installation instead re-enter the operational fleet. This would add more capacity to a situation where