by Shawn Donnan, Financial Times
David Stockman’s Contra Corner
The slowdown in world trade has been much worse than previously reported, with global trade volumes plateauing over the past 18 months amid a rise in protectionism, according to a new report.
The analysis illustrates why business leaders such as GE’s Jeff Immelt are anxious about trade and the world economy as politicians such as US Republican presidential candidate Donald Trump rail against “globalism” and promise to erect new barriers to commerce.
Policymakers and economists have grown increasingly concerned about a slowdown in global trade growth.