Economics
Global Trade Pain Stings Export Economies From Japan to Germany
- German manufacturing shrinks at fastest pace in six years
- Hopes for upturn pinned on resolution of trade disputes
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From Japan to Germany, from economic numbers to profit warnings, there’s no shortage of evidence that the world is feeling the pain of a slump in trade.
In Asia, South Korea and Japan reported declines in exports, while European powerhouse Germany is seeing manufacturing shrink the most in six years. Shipping giant Maersk said Thursday that profit will fall short of expectations, and Chief Executive Soren Skou said the outlook for this year is bleaker.