Global Economics

Global Economics Update

5 April, 2019

Breaking down the slowdown in world trade

A detailed breakdown of global exports suggests that the US-China trade war cannot be blamed for the slowdown in world trade. Instead, the underlying slowdown has featured a wide range of goods, with a drop in exports of electricals and materials causing growth to slow especially sharply in recent months. Any lasting deal between the US and China is therefore unlikely to precipitate a turnaround in world trade.

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