Sunday, October 30, 2016

Global Trade no Longer Rising

Although it has received little attention, global trade is actually declining.  Through the first 3 months of 2016 global trade was steady, but since then it has fallen by .8 percent.  The united states has been hit hard because of this.  In 2015 the total value of American imports fell by 200 billion dollars and an additional 470 billion so far in 2016.  This is also the first time since WWII that there has been a decrease in global trade during a time of global economic growth.  This may be the reason why the decrease in global trade has mainly gone unnoticed.

-Andres Terronez

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