Q2 Trailer demand to be 44% down
Clear International analysts are warning that, while trailer production has restarted, second-quarter demand is likely to be 44 per cent down. At the same time, the analysts report that European countries are likely to suffer gross domestic product (GDP) drops of up to 10 per cent in 2020. The conclusions are based on the facts that, since Clear International’s last report in February, all West European countries have had their forecasts for 2020 economic growth downgraded again. All forecasts now show negative GDP growth of between -6% and -10% in 2020 with every country in recession during this year.