Felixstowe Barometer of the Economy?

Another cracking video clip from the BBC this time a report from the port of Felixstowe. In previous recessions trade into and of the port has grown (although at times slowly) but with the current global crisis there has been a 20% drop in the amount of traffic into and out of the port. A pretty serious sign as to the magnitude of the current downturn. The report also looks at the regional multiplier effects of reduced activity at the container port.