It may not be the time to fret about global trade prospects even as U.S.-China trade tensions remain on low boil. At Oxford Economics, a basket of 11 Chinese economic indicators is telling analysts that last year’s global trade upturn should be sustained for a while longer. Oxford’s “China growth factor” measure has, since 2010, demonstrated a strong correlation with the year-on-year pace of global trade with a three-month lead. “For now, we see a gentle rise in protectionism, but we don’t see this having notable adverse effects on global trade and growth.” said Ben May from Oxford Economics
Source: Bloomberg Pro Terminal
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