Skip to main content

Goods trade set to fall as global recession takes hold

There is growing evidence that weakening demand in major economies is taking a toll on world trade. While trade volumes rose in August, early reporting Asian economies revealed a decline in imports in September, exports orders have fallen sharply across the board and shipping costs have dropped. As the world heads into recession, we suspect that trade will start to fall outright early next year.

Global Drop-In (8th November): We’re holding a 20-minute briefing on the key takeaways from our Q4 Global Economic Outlook on Tuesday, 8th November. Register here.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access