Westports warns of slow return to global consumption
While expressing optimism at the relatively mild fallout from the disruptions caused by the pandemic and the broad resumption of global economic activities in the third quarter of 2020, Westports group managing director Ruben Emir Gnanalingam cautioned that global consumption and economic activities are unlikely to resume to pre-Covid-19 levels this year. The world is seen adjusting to a ‘new normal’ while the search for vaccines intensifies
The adverse effects of the global pandemic on employment and income levels will curtail consumption and overall economic recovery, and Westports does not expect container throughput to register an overall increase for the second half of the year