Bloomberg
In Bloomberg, BCG’s Nikolaus Lang discusses the slowing growth of international trade over the next decade. According to a BCG report, global trade’s annual expansion rate will average 2.3% each year through 2031, compared to a 2.5% annual increase in global gross domestic product (GDP) over the same period. “As the world adjusts,” Lang says, “we expect inflationary pressures to reduce; but overall, through 2023 and 2024 we will continue to see higher-than-normal inflation through this period of adjustment.”