BDI ''no longer indicator of real economy'', says Unctad

Justin Stares, Brussels - Monday 11 May 2009

THE Baltic Dry Index is no longer a bellwether of the world’s economy, according to new research.

Pundits who watch the four-route composite index for signs of industrial decline and recovery might do well to look elsewhere, because the numbers have lost touch with the industrial reality.

According to the Geneva-based United Nations Con...

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