Barings' Ricardo Adrogue: The implications of the global trade realignment are underway

Surprisingly, global trade in goods has not yet shown the effects of political disintegration seen on the world stage. In fact, post-pandemic trade flows have increased, surpassing pre-pandemic levels by about 35%. Global trade flows Global trade in goods has witnessed a substantial post-pandemic surge, even when accounting for inflation and the rise in the USD price of goods. Scottish Mortgage sells out of Illumina Total global economic openness, measured as 12-months exports-to-GDP, has also increased from December 2019 to April 2023. During this period, only a few countries (n...