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Economic impacts on global trade date back a few years, suggests Anthony Landry, a Wharton adjunct full professor of finance and deputy vice dean of the Wharton MBA program. “Until COVID, I would say that global trade was an efficient way in which companies, especially multinationals, were expanding,” says Landry, who specializes in macroeconomics and has worked as a senior economist and economic policy advisor.
While the current trade slowdown may threaten the living standards of people around the world, a rebound is expected. Said WTO chief economist Ralph Ossa: “Positive export and import volume growth should resume in 2024, but we must remain vigilant.”
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from The Global Small Business Blog https://ift.tt/QYIg0KS
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