IATA clarifies the drivers of performance in the world of aviation 2020.
The International Air Transport Association (IATA) confirmed that GDP is expected to expand by 2.7% in 2020 (a higher margin of 2.5% growth in 2019), and global trade growth is expected to recover to 3.3% from 0.9%. In 2019, election pressure in the United States eases trade tensions. “Growth is supported by measures taken by central banks as well as fiscal policy easing,” IATA said. The International Air Transport Association (IATA) confirmed: The global economic growth, which was slower than expected in 2019, contributed to the decline in energy demand, as the average price of crude oil reached about $ 65 per barrel (Brent), compared to $ 71.60 in 2018. The supply of oil is abundant, which boosted inventories. As a result, oil prices are expected to decline in 2020 to $ 63 (Brent).