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It is not the trade war that is slowing down global trade, but the weakness of the Chinese economy
In the last few years, the world has implemented many protectionist measures. There has also been a marked slowdown in global trade (which is currently growing by only 2.2% per year in volume terms), in absolute terms and in relation to global GDP. But we should not draw hasty conclusions and blame protectionism for the weakness of global trade. It is mainly explained by China's weak imports, linked to the significant slowdown in all domestic demand components in China. The slowdown in China is therefore affecting all countries via global trade.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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