Global trade has suffered from its largest collapse since the financial crisis, slumping 1.8% in the three months to January compared to the previous period, according to the CPB Netherlands Bureau for Economic Policy Analysis. The Dutch economy is still recovering after a recession of more than two years that began when global oil prices collapsed and hit exports.
Global trade has suffered from its largest collapse since the financial crisis, slumping 1.8% in the three months to January compared to the previous period, according to the CPB Netherlands Bureau for Economic Policy Analysis. Factors behind the slowdown include a downturn in the car industry, China's downturn, and US President Donald Trump's imposition of tariffs on Chinese and European goods.