Joanna Konings, senior economist at ING, points out that the forward indicators of world trade remain weak, as reversing recent increases in tariffs remains challenging even as world trade volumes increased by 1.1% in October.
Key Quotes
“Most regions in the world recorded positive growth in trade volumes on the month, though the less volatile measure of momentum in world trade (growth in the three months to October on the previous three months) grew less quickly than last month.”
“Indicators of near-term demand, new export orders, and automobile production and sales have also continued to weaken.”
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