Expectations for U.S. seaport traffic for the rest of 2011 have been greatly reduced, suggesting the economic recovery is weaker than previously believed. A month ago, Global Port Tracker had forecast a 12% gain in imported goods in September, but the actual was just a 2.7% Y/Y rise, with comparably weak gains now seen for the final three months.
Expectations for U.S. seaport traffic for the rest of 2011 have been greatly reduced, suggesting...
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