Is globalization slowing down?

Probably so:

For at least three decades before the 2008 financial crisis, global trade regularly grew at twice the rate of the global economy, leading some economists to hail an era of “hyperglobalisation”. According to the WTO, the annual average recorded since 1990 has been 5.1 per cent growth.

With last year’s growth of 2.8 per cent, global trade has now expanded at, or below, the rate of the broader global economy for three straight years.

That is from Shawn Donnan, the rest of the FT piece is here.


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