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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.
27 Jan 2020, 09:03 PM IST 
The Argent Iris tanker ship sits at a dock in front of the Levin-Richmond Terminal in Richmond, California, U.S. (Photographer: David Paul Morris/Bloomberg)
(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.
To contact the reporter on this story: Fergal O'Brien in Zurich at fobrien@bloomberg.net
To contact the editors responsible for this story: Craig Stirling at cstirling1@bloomberg.net, Zoe Schneeweiss, Brendan Murray
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