In particular, the following aspects point to continued weak global trade going
forward: slower economic growth in China and the realignment of the Chinese
economy towards more domestic consumption, the probable plateau in the
development of global value chains, the faltering status of multilateral trade
liberalisation and the increase in the number of additional trade restrictions
Furthermore, there are no unique events on the horizon with the
potential to boost trade globally or, at the very least, regionally. In the previous
decade, such events included China’s admission to the WTO in late 2001 and
the EU’s eastward expansion in 2004.
This less positive outlook for global trade
also means muted prospects for globally active logistics companies.