Strong US Growth in 2019 Means Declining Trade Overall… Why?

On April 2nd, as announced by the World Trade Organization (WTO) and reported by the JOC’s Mark Szakonyi, that the 2019 forecast for global trade “would decrease from 3% to 2.6%.” This is driven by the several factors, to include a “slowing global economy” and “rising protectionism.” As Szakonly reports, the International Monetary Fund (IMF) also “predicts for 2019 that we will have the slowest global economic expansion since 2016 at 3.3%.”