Falling global trade slows down world economy Experts The volume of global trade is shrinking, which is hitting the world economy. The main contributing factors are low demand for goods, which has fallen due to interest rate hikes around the world, including the United States and European nations, as part of the fight against record inflation, experts said. Negative impact on international trade also has a negative impact on the U.S. policy towards China, in particular, the restrictions imposed by them against the background of the Ukrainian crisis, profinance.ru reported with reference to the Wall Street Journal.

The growth of the key rate in the States has caused a decrease in the volume of investment in companies. This affects the country's economy - according to statistics from the Ministry of Commerce, published earlier this week, in the first 6 months of this year, imports into the country fell by 4% compared to 2022; in June, it reached the minimum for a year and a half, down 1%.

Experts warn that the decline in global trade could significantly raise costs. If, in addition, if, under the influence of political motives, manufacturers start moving production to allied countries, prices will start to rise and efficiency will decline.