This is a very real sign that companies are growing, becoming more productive and creating jobs at home, whatever the official trade data show. Conclusion It’s time to conclude. In a world full of anxiety, my goal today was to give investors one less thing to worry about.
Most of the cyclical part of the slowdown in trade should be reversed as the global economy recovers, even if that is a slow process. Furthermore, there are opportunities for progress on the structural side in terms of both trade and productivity if conditions permit another wave of global integration.