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5/18/2014 United States Shipping Report Q2 2014 | Market Research
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Market Research > Search Results > United States Shipping Report Q2 2014
United StatesShipping Report
Q2 2014Business Monitor International April 9, 2014127 Pages - SKU: BMI5232841
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Abstract Table of Contents Related Reports
Countries covered: United States
United States Shipping Report Q2 2014
BMI maintains its cautiously optimistic view on the US shipping sector. After estimated contractions inTEU throughput atboth the port of Los Angeles and the Port of New York/New Jersey in 2013, we forecasta return to growth in 2014 at bothfacilities. Our view for gradual strengthening in the US economy throughend 2014 continues to play out, driven by atightening labour market and sustained growth in the cyclicalcomponents of the economy, notably the residential housingsector and business investment in equipment.
Data have been particularly strong in recent months, and we acknowledge that risks are weighted to theupside.
Our 2014 growth forecast of 2.7% represents a bounce from 2013, and we believe that the risks to economicexpansionremain predominantly to the upside. Our core view on the US economy is that the recovery isbecoming increasinglyentrenched, and that by 2014 many of the headwinds to growth, includinggovernment spending cuts, will be dissipating.Not only do we expect accelerating growth in 2014, webelieve the US economy could be on the cusp of a multi-year periodof stronger growth.
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