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Export|Manufacturing|Manufacturing
Export|Manufacturing|Manufacturing
export|manufacturing|manufacturing-industry-term

TRADE TURMOIL

TRADE TURMOIL: The world’s biggest exporter, China, recently reported its biggest contraction in overseas shipments since the Covid-related slump of February 2020, while Germany, the world’s third-largest exporter, has also seen its exports fall. The impact on growth is uncertain and uneven, but a Bloomberg report suggests that until the global manufacturing cycle works off a build-up of inventories, export-orientated economies could pose a drag on economic prospects.

Photo by Bloomberg

25th August 2023

By: Bloomberg

  

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The world’s biggest exporter, China, recently reported its biggest contraction in overseas shipments since the Covid-related slump of February 2020, while Germany, the world’s third-largest exporter, has also seen its exports fall. The impact on growth is uncertain and uneven, but a Bloomberg report suggests that until the global manufacturing cycle works off a build-up of inventories, export-orientated economies could pose a drag on economic prospects.

Edited by Creamer Media Reporter

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