Just when Wall Street generally believes that the US economy is expected to have a soft landing, more and more data show that the US economy is heading for recession. The US container imports in the first two months of this year fell by 20% compared with the same period last year.
According to comprehensive media reports, according to data from supply chain software company Descartes Systems Group on Thursday (9th), the United States imported 3.8 million TEU (20-foot containers) in January and February this year, significantly lower than the 4.78 million TEU in the same period last year. TEU, a drop of 20%. In addition, the central banks of various countries have actively raised interest rates to cool down consumer spending, international trade volume has declined, and the rate per FEU (40-foot container) has also dropped to pre-epidemic levels.
Media comments pointed out that the economic burden of soaring inflation and rising interest rates in the United States mainly fell on those low- and middle-income households. Given that consumer spending accounts for 68.5% of US GDP, the decline in container imports means that the US economy is showing signs of slowing down. Some strategies Analysts believe a recession could start in the second half of the year.
In addition, the signs of decline did not start this year. The United States imported 1.92 million TEU containers in December last year, down 1.3% from November. . Free Times 0310