
OFFICIAL TRADE DATA: Global Trade Slows as Economies Adjust to Life After Stimulus
By John W Miller, Chief Economic Analyst, Trade Data Monitor; The global economy avoided a meltdown 2020-2022 due to the Covid-19 pandemic because governments around the world, led by the U.S., printed trillions of dollars for their own citizens, oiling consumer demand and goosing merchandise trade around the world. That steroid is now wearing off, as consumers have spent most of the money they were given, and because their spending fueled inflation, making it harder to buy a