According to a report issued earlier this year by Boston Consulting Group (BCG), world trade is facing a decade of inflation and stagnation.
The report explained that the annual growth rate will average 2.3% through 2031, compared to a global GDP increase of 2.5%.
This outlook reflects the reconfiguration of global supply chains in the wake of the Covid-19 pandemic and Russia's invasion of Ukraine, which began a year ago.
Since then, there has been much more talk of Subscribe to our Premium Membership Plan. Already Subscribed? Login Here