Global Goods Trade Set to Slow This Year to Half 2025’s Pace
The oil price shock and protectionism will act as headwinds for cross-border commerce
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Global merchandise trade will increase in 2026 by half of the nearly 5% growth posted last year as the widening Mideast energy crisis restrains economic activity and protectionism spreads beyond the US.
Those are among the takeaways in a new Oxford Economics report which estimated goods trade worldwide will expand about 2.5% both this year and next, after rising by 4.9% in 2025.