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WTO Slashes Trade Outlook as US Manufacturing Data Warns of Recession

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Escalating trade tensions and a slowing global economy have led World Trade Organization (WTO) economists to sharply downgrade their forecasts for trade growth in 2019 and 2020. At the same time, the U.S.-based September Purchasing Manager’s Index (PMI) fell 1.3 percent to 47.8 percent, the lowest reading since June 2009 during the Great Recession. Global…

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