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Maersk North America Market Update — November Highlights 2024

Global economic activity maintains momentum, with 2024 growth projected at 2.7%. In the U.S., we expect a 2.7% increase, driven by strong consumer spending, although a rising savings rate could impact this. Europe faces volatile inflation and geopolitical tensions, keeping Euro-area growth at 0.7%, despite a Q3 retail sales rebound. Germany narrowly avoided recession due …