Shipment containers are sorted at Klong Toey Port. (Photo: Varuth Hirunyatheb)
International trade growth is forecast to stagnate this year as countries have raised interest rates to combat surging inflation, leading to a worldwide economic slowdown, says global logistics company DHL.
According to the Global Connectedness Index 2022, the global trade volume in goods reached 10% above the pre-pandemic level in the middle of last year, despite advanced decoupling between the US and China.
“The decoupling between these two countries has not yet led to a broader fragmentation of global flows between rival blocs of countries,” the report noted.
John Pearson, chief executive of DHL, said the index data clearly debunks the perception of…
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