Global Trade Slump Deepens With Small Companies Hit Hardest

Small businesses may suffer the most as the slowdown in global trade intensifies and hits Europe especially hard with weaker demand and surging energy costs.

That’s one of the takeaways from Tradeshift’s Index of Global Trade Health released Wednesday. The UK and euro area saw sharper retrenchments in transaction volumes than China and the US in the third quarter, according to the index, which tracks orders processed from buyers and invoices processed from suppliers.