Economics

Torrid Pace of Global Trade May Decelerate in 2022, UN Says

  • Cross-border commerce hit a record $28.5 trillion in 2021
  • U.S. inflation, Chinese real-estate headwinds cloud outlook
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Global trade in goods and services will likely slow this year from a torrid pace in 2021, as inflation pressures in the U.S. and real-estate instability in China weaken growth prospects in the world’s two largest economies.