An Inauspicious Sign From Global Trade

One of the data points I've been warning about for sometime now is the relationship between global growth and global trade. More specifically, I've noted that global trade is now growing at a slower pace than global growth which is itself pretty damn sluggish. This is a rather inauspicious dynamic with which to cope given the anti-globalization, anti-trade rhetoric that's accompanied the rise of populism from the US to Europe. Here's what this looks like graphically: (Chart: Deutsche Bank)

Try one month of our best daily market and macroeconomic commentary for FREE

Try for free

Or see other subscription options to save 20% on an annual plan

Already have an account? log in

Leave a Reply to d. dugger.Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

One thought on “An Inauspicious Sign From Global Trade

  1. Yes and no. While Trump mouths protectionism – he is demonstrably making international deals by those he is appointing. The recent Sec. of State choice of the current CEO EXXON assures that we will much more active trade with Russia. Other choices are similar in nature. In fact, his appointing primarily of billionaire cronies assures they will serve their interest which most assuredly involves trade with their international suppliers and markets. We should not be confused by what Trump tweets, but form our opinions on the choices and actions he takes.

NEWSROOM crewneck & prints