Citing trade Frictions the International Air Transport Association had cut down it annual growth forecasts by half for the traffic growth in the air cargo market by 2 per cent. Apart from the trade frictions the anti-globalization rhetoric and Brexit was also a cause for the fall in growth forecasts. The director of IATA said that this was lower than the previous estimates that were forecasted as 3.7 per cent of traffic growth in December. The director also said that the developments in the political climate were not going in favour of IATA.

