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Wednesday, November 20, 2019

Global Trade Is Set To Stay Weak As 2019 Draws To A Close

The World Trade Organization's trade barometer shows some stabilization for the global flow of goods, albeit at low levels.

The WTO's Goods Trade Barometer recorded signs of a pickup in export orders, container shipping and automobile shipments, offset by weakness in airfreight, and shipments of raw materials and electronic components.

This signals international trade is likely to end the year having risen at the slowest pace since 2009.

Trade flows have been weakened by several developments, including the U.S.-China trade war and a slowdown in the global automobile industry.