World trade slowing sharply due to weak consumer demand, says Fitch Ratings

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ISTANBUL, June 2 (Bernama-Anadolu): World trade is slowing sharply due to monetary tightening by central banks, fading fiscal support by governments, and weak demand for consumer goods, Fitch Ratings said Thursday in a report.

Anadolu reported that despite a strong recovery in the post-pandemic period in 2021 and 2022, the volume of global goods trade is now falling, said the rating agency.