The end of the third quarter has brought a slew of negative comments on the outlook for world trade from the WTO, who cut their forecasts to the lowest since 2009, the IMF and the World Economic Forum. Yet, Panjiva analysis of the economic data from five major economies suggest there is further downside risk. Only Mexico has shown growth in exports and imports year-to-date in local currency, while the U.S., China and Japan have all shrunk on a year earlier through August 31. Without a major resurgence in the last four months, there is a risk world trade falls this year. More protectionis...
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