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World’s biggest shipping company: Global economic growth is even worse than it looks

World’s biggest shipping company: Global economic growth is even worse than it looks

November 9, 2015

Via: itCurated
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The CEO of the biggest shipping company on earth is pretty much as exposed to global growth as anyone gets, and he’s got a worrying message for the world.

In an interview with Bloomberg, Moeller-Maersk CEO Nils Smedegaard Andersen suggested that consensus forecasts for global growth are still too strong, despite already being trimmed from more optimistic levels earlier this year.

Just days ago the company announced that it was slashing 4,000 jobs, reporting a major profit slump.