- Analytics
- News and Tools
- Market News
- World trade flows dip yet again and outlook looks bleak - ING
World trade flows dip yet again and outlook looks bleak - ING
Timme Spakman, economist at ING, points out that world trade volume declined by 0.7% in April and the outlook for a rebound seems difficult given export orders continued to slow further in May.
“The trade war is really starting to bite and this can be clearly seen in global trade flows. Since the further escalation of the trade war, we have seen the biggest fall in world trade since 2009 during the last few months of 2018 - and trade volumes haven't recovered since. The month on month decline in April signifies the effects of the trade war as the decline is mostly concentrated in US and Chinese trade flows. The outlook for trade remains bleak as new export orders are slowly converging on the negative side of their historic means. We expect the trade war will get worse before any deals are closed.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
