The 19th Global Trade Alert Report which was recently released by the Centre for Economic Policy Research has found that, since January, 2015, the rate of growth for global trade for both developed and developing nations has stopped growing.
Organisations have missed the phenomenon of a fifteen-month plateau of global trade, which is said to be unheard of outside of a recession.
The report also found that the RWI/ISL Container Throughput Index, which is an index which tracks container usage in 81 ports globally, reported that its index for May, 2016 had fallen further.
The Index said: “This is the lowest value computed for the index since the end of 2013 and suggests a continuous weakness of the development of the world trade in goods.”
This is also backed by trade restrictions that have been affected by a skew in policies, which has contributed to the fall in the value of world trade in 2015 and has affected export incentives.
PTI previously reported that Korean exporters had expressed their concerns over post-Brexit policies, which they view as having a potential impact on its exports, post-vote.
The IMF’s recent update saw the organisation cut its global economic growth forecast for 2017 by 0.1% to 3.4%, with 3.1% expected for 2016.
A breaking article from the BBC has found that UK growth has risen 0.6% in the three months to the end of June, which is a week after the UK voted to leave the European Union.