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Global Merchandise Trade Forecast to End Down 2.4 Percent in 2019

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After surging the past two years, global trade and economic output stagnated this year, according to United Nations Conference on Trade and Development’s (UNCTAD) “Nowcast” in its 2019 Handbook of Statistics. Merchandise trade is forecast to decline 2.4 percent to $19 trillion in 2019, after growing 9.7 percent in 2018 and 10.7 percent in 2017,…

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