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Weekly Commentary

Weekly Commentary


 

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The Ships are Sailing! - August 17, 2017

For what seems like a lifetime, global shipping has been adrift. Swamped by the collapse of trade in 2008, seaborne shipments slowly gained steam over the following six years. Money was tight through this time, as the pre-recession heyday led to a long lineup of launchings that continued well beyond the crash. Vessel rates plunged, and price indexes for the industry remain low. Sounds very similar to the economy’s path. Is this the ‘new normal’ for maritime commerce?

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 Biographies

 

Peter G. HallPeter G. Hall
Vice-President and Chief Economist

Peter Hall joined Export Development Canada (EDC) in November 2004. With over 25 years of experience in economic analysis and forecasting, Mr. Hall is responsible for overseeing EDC's economic analysis, country risk assessment and corporate research groups. In addition to preparing strategic advice for senior management at EDC, Mr. Hall is a featured speaker at conferences, international roundtables and policy fora, and regularly appears in television, radio and print media commenting on the world economy and Canadian international trade issues. He produces a widely circulated print and video weekly commentary covering an eclectic range of current global economic issues.

Prior to joining EDC, Mr. Hall directed the economic forecasting activities of the Conference Board of Canada. Mr. Hall has served as president of both the Canadian Association for Business Economics, a 600-member national association of professional economists, and its largest local chapter, the Ottawa Economics Association. He has also been a volunteer board and committee member for two Ottawa area private schools. Mr. Hall has degrees in economics from both Carleton University and the University of Toronto.

 

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