The Bottom Line: Global trade

2 min

We expect global trade growth to be resilient, increasing by +3.8% in 2018 and +3.6% in 2019 (after +4.8% in 2017). As global demand is still strong, global economic growth should stay above +3% over 2018 and 2019. Even despite protectionist rhetoric, the growth of imports in China and the US will be robust.