World trade on course to soften rather than slump

The slowdown in world goods trade since Q1 has been largely due to the reversal of tariff front-running. But the latest data show that world trade has so far not slumped in the wake of tariffs. And while forward-looking indicators point to a slowdown, we suspect this will be relatively modest compared to projections from other researchers including the WTO.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.