Global Economy Sees Rapid Downshift

The video discusses the challenges facing global trade in the post-pandemic era, highlighting the slowdown in merchandise trade due to factors like the Ukraine War and energy crises. It explores the impact of the pandemic on trade, the future of global trade relationships, and the concept of reshoring. Despite the slowdown, there are growth opportunities in services trade, particularly in tourism and education.

What is the expected growth rate of merchandise trade next year as mentioned in the text?

What are the bright spots in trade that are expected to grow despite the decline in merchandise trade?