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Global trade after a year of protectionism
Is the global economy gradually slowing down as the national accounts indicate, or is it about to stall as a cursory reading of recent trade data may suggest? We're going with the first thesis. Global trade is usually well in synch with global GDP growth, but in the inflection phases of the business cycle as at present, it tends to overreact. In addition, 2018 was made exceptional by the implementation of protectionist measures, for which everyone, including Donald Trump, can see...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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