A New Leading Economic Indicator from Suez Cargo?

After the Baltic Dry Index lost some of its usefulness as a leading economic indicator, there has been much interest in finding a suitable cargo based alternative. As The Economist reports, perhaps the Suez indicator will provide useful.

"Making a simple forecast based on the past few months' data suggests that world GDP will fall from 3.8% in the first quarter to 3.3% in the second quarter."