2024-07-17 09:00:00 ET
Summary
- The global economy continues to expand, with forecasts for 2024 and 2025 just a hair below the last two years.
- CPB’s tabulation of world trade, though, shows recent data about two percent below 2022’s peak.
- Right now, it’s hard to see a reason for international trade growing faster than the worldwide economy.
Trade and production Dr. Bill Conerly using data from CPB Netherlands Bureau for economic policy analysis
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For further details see:
International Trade Sagging On De-Globalization, Reshoring