1945

The illusion of a rebound: International markets in 2024

Growth in merchandise trade is expected to rebound about 2 per cent in 2024 after declining by 1.2 per cent in real terms in 2023. The dynamic trends observed during the first quarter of 2024 will slow through the end of the year as economic deceleration is anticipated in the world’s two largest economies. Further, the front-loading of orders in part drove early 2024 momentum.

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