IHS Markit estimates show world real GDP growth slowing from 3.2% in 2018 to 2.6% in 2019 and 2.5% in 2020 and then picking up slightly to 2.7% in 2021. The world growth rates in 2019 and 2020 for real GDP, trade volume and real value are below CAGR for the period 2005 - 18 which is indicative of a global slowdown. The stronger recovery is visible in forecasts for 2021. World merchandise trade volume is forecasted to grow 2.7% in 2020, and to grow by 5.0% in 2021. Trade volumes increased only by 0.6% in 2018 and 0.3% in 2019 reaching 13.758 bn tons and 13.804 bn tons respectively. Weaker trade performance in 2018 - ... (full story)