The World Trade Monitor reveals that world trade records for last year were the worst for any year since the aftermath of the global financial crisis, raising concerns about the health of the global economy; the value of goods that crossed international borders fell by 13.8% 2015, the first contraction since 2009, with much of the drop due to economic slowdown in China's and other emerging economies. This data also comes amid increasing concerns that 2016 is shaping up to be even more riddled with dangers for the global economy than previously anticipated.
The World Trade Monitor reveals that world trade records for 2015 were the worst for any year since the aftermath of the global financial crisis, raising concerns about the health of the global economy; the value of goods that crossed international borders fell by 13.8% last year, the first contraction since 2009, with much of the drop due to economic slowdown in China's and other emerging economies. This data also comes amid increasing concerns that 2016 is shaping up to be even more riddled with dangers for the global economy than previously anticipated.