According to the latest DHL Global Trade Barometer (GTB), global trade will continue to grow over the next three months.
With an overall index of 61 points, the GTB’s analysis of international air and containerised ocean trade flows indicates that the development of the previous quarters will continue: Indices for all seven countries that constitute the GTB index are above 50 points, which corresponds to a positive growth forecast according to the underlying methodology.
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The pace of growth, however, is further slowing in all index countries.
This deceleration will be particularly strong in Asia (except for China): Index values for India, Japan and South Korea have dropped by eight, six and five points respectively compared to the previous release of the GTB in September.
With an overall index of 75 points, India, however, continues to be the country with the strongest trade growth forecast.
“The DHL Global Trade Barometer clearly shows that the state of global trade remains solid. Both, air and ocean trade, continue to grow around the world. However, given the smoldering trade conflicts, especially between the US and China, and economists’ expectations that the global economy could cool down, it is not entirely surprising that trade momentum has weakened slightly”, Tim Scharwath, CEO of DHL Global Forwarding, Freight said.
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