The list of indicators pointing to a recession grows longer every day.
And now, data from the shipping industry points to an economic downturn.
The Baltic Dry Index (BDI) measures the cost to ship dry goods around the world by sea. Dry goods can be anything that fits in a container — grains, factory equipment and even small plastic toys are just some examples.
It’s an economic indicator because the laws of supply and demand apply to the shipping market.
And the latest data looks bearish for our economic future.
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