Global Trade Growth Is About to Roll Over
- Bank’s leading indictor has dropped for back-to-back months
- Global activity has moved from boiling to simmering: CS
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Signs are pointing to a looming slowdown in global trade growth, according to Morgan Stanley.
Each component of the bank’s proprietary global trade leading indicator -- save for the U.S. dollar -- declined in April to mark back-to-back drops for the index, which is used to forecast real activity with a one-month lead.