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Global Trade Is Heading for Its First Annual Drop in a Decade

Global trade volumes fell more than 1% in November compared with a year earlier. 

Fergal O'Brien

(Bloomberg) --

Global trade volumes fell more than 1% in November compared with a year earlier, according to figures from the CPB Bureau for Economic Policy Analysis. That’s a sixth consecutive decline and it captures what’s been a rough period for the world economy. It also leaves global trade on track for its first full-year decline since 2009, ING calculates.

©2020 Bloomberg L.P.

Also Read: Global Trade Seen Staying Under Pressure Into Next Year

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