Global trade to grow at its slowest pace in a decade and no hope for sizable improvement
Higher uncertainty and higher global tariffs are taking a toll on trade: In 2019, the volume of global trade of goods and services should grow at its slowest pace in a decade (+1.5%). As a result, exporters are likely to see USD420bn in losses this year, according to Euler Hermes’ latest Global Trade report: “Trade Wars: May the Trade Force be with you in 2020 and beyond”.
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