WTO Warns Of Economic Fallout From Trade Disputes As Exports Plunge

The video discusses the global trade slowdown due to the US-China trade war, Brexit, and declining factory orders. The WTO has downgraded its trade growth forecast, highlighting the weakest growth since the 2008 financial crisis. Trade disputes have led to reduced imports and exports between the US and China, and economic activity in Europe is declining. The WTO emphasizes resolving trade disagreements to improve global economic well-being. Data from IHS Market shows a decline in export orders and economic contractions in several countries. Despite a bleak outlook, the WTO predicts slight trade growth next year.

What does the data from IHS Market indicate about new export orders from January 2018 to 2019?

According to Chris Williamson, what is the outlook for businesses in the coming year amid trade war concerns?