Shipowners can head into 2018 in a state of cautious optimism, buoyed by a remarkably benign global economic environment. Indeed, Jan Hatzius, chief economist at Goldman Sachs Research, says world trading conditions are “as good as it gets”.
Synchronised expansion across developed and emerging markets would be what some call “Goldilocks” conditions.
Growth is fast enough to create jobs, but not so fast as to stoke much higher inflation.
