The global economy should start to see improvement in the next seven or eight months, Nils Smedegaard Andersen, CEO of Danish shipping giant A.P. Moller-Maersk Group, told CNBC's "Squawk Box" on Monday.
"We're seeing the U.S. is coming bank growth wise, seeing China becoming more sort of precise in where they intend to go growth wise," the shipping executive said. "We still see good development in most of the growth markets around the world, so I think we are coming through to a phase where we can say probably within the next seven or eight months we'll see improvements."
For Maersk, it should start to see improvements in its business from the middle of the next year. "We are cautiously optimistic that we past the worst and we continue to invest heavily in growth markets," Smedegaard Andersen said.
The U.S. economic trends also are improving, despite the looming "fiscal cliff" when a host of automatic tax hikes and spending cuts kick in at the end of the year.