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Economics

Global Trade Suffers With Biggest Drop Since 2009

Corrected

Global trade has taken a sharp turn down, reinforcing the view that the world economy is in its worst state since since the financial crisis a decade ago.

Figures published Monday show trade fell 1.8 percent in the three months through January compared with the previous period. That’s the biggest drop since May 2009. On a year-on-year basis, trade posted its first decline in nine years in the three-month period.