Global trade growth sinks from sight

Tuesday, 4 October 2022

This has implications for ongoing problems in Japan and China, especially with reference to the forex race to the bottom. China will be severely shocked as global trade begins to fall amid weak domestic demand. Japan will double down on monetary easing.

Both suggest further AUD weakness. Pantheon with the note.

Global Gloom Gathers as Exports Start to Sink into the Mire

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.