World Trade Centers Predict Trade Uncertainty Will Worsen, China Eyes Mexico

Jun 25, 2019

“According to the business leaders in charge of over a hundred of the world’s World Trade Centers from Boston to Nanjing, China, 83% of them think global trade uncertainty will either stay at its current elevated levels (30% saying so) or get even worse (53%). U.S.-China trade tensions and Brexit pose the greatest risk to the global economic outlook, a survey by World Trade Centers Association said on Wednesday.

The WTCA consists of 325 World Trade Center facilities. Members were still more optimistic about 2019 than pessimistic. Some 69% of business leaders polled said that their cities were showing “better-than-expected” local performance from foreign direct investment.

The 32-page report looks at economic data and case studies demonstrating how cities can adapt to change in trade policy.”

Read more here.

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