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‘No Doubt Global Trade Is About To Fall Off A Cliff,’ One Bank Says, As Global Trade Falls Off A Cliff
Early last month, the World Trade Organization warned that world merchandise trade is set to plunge by between 13% and 32% in 2020 due to the pandemic.
"Nearly all regions will suffer double-digit declines in trade volumes", the WTO said.
Try to wrap your head around that. In the worst-case scenario, the WTO is worried that global trade could contract by nearly a third in 2020. That would be almost triple the decline seen during the GFC.
Fast forward to May, and the WTO is out with the late
It may have been edited out before publishing, but what is “TD” – Toronto Dominion?
With respect to the content, globalization and to a certain extent “just in time” have also been significant contributors to our decreasing/low inflation environment for decades. If there is indeed a consistent move to reverse these trends, we can add these to all the reasons why we might soon/one day/eventually have to worry again about higher inflation…
Your comment is prescient even if, outside of food, meaningful inflation is likely quite a ways off.
TD Securities was a part of Toronto Dominion until 2006 when it was sold to Ameritrade.
Can you undo globalization or is there only bad and good globalization? Those who don’t like globalization are those who want a bigger piece of the pie. When the pie is distributed very unequally, so far the only tool humans have used to adjust the distribution significantly is violence. Some may speculate that the grip on money is equal to the grip on their guns.