Global trade flows fell again in October, after two months of increases. The indicator of trade flows of goods from the Wall Street Journalpublished this Tuesday, 2nd, points to a drop of 1.6% compared to September, in the adjusted reading.
The decline is a new sign that global demand for goods remains weak, as consumers give preference to services they were denied access to during the Covid-19 pandemic.
Consumer demand has also been weakened by rising prices and higher borrowing costs.
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