The Slow Grind in Global Trade Continues Into the Second Half
The outlook for world trade is moving “from bad to worse,” ING Bank said this month, and the latest CPB monitor offers support to that view. While volumes increased in July from June, underlying momentum -- measured by three-month figures -- show further weakness. There was a 0.1% decline from the previous period, and a 0.9% drop compared with a year earlier.
©2019 Bloomberg L.P.