OECD economist warns: Global trade growth rate declines
10 Jul 2019 15:37 reported by Jordan Huang
Since the trade barrier continued to rise in various countries and global investment power kept weak, some of the regions might face the attenuation of their trade growth.
The chief economist of the Organization for Economic Co-operation and Development (OECD), Laurence Boone, had shown her concerns about global trade growth rate based on the newest statistics.
The data showed the current trade growth rate was approximately 2%, which was much lower than the numbers in 2017 by 5.5%.
There were certain factors that now threatened the global economy, including the China-US trade war, Brexit issue, and the conflict between Iran and the US. All of these might add the declining factors on the future economic growth.
Back to Steel News