News Snapshot:
Aapsky/Getty Images Global trade is rapidly slowing after a rapid post-pandemic recovery in 2021 and 2022. Fitch Ratings said trade will expand 1.9% this year, down sharply from 2022's growth rate of 5.5%. That's due to tighter monetary policy, less stimulus, and stalling globalization, Fitch said. The post-pandemic recovery in global trade that spanned the last two years is slowing dramatically, Fitch Ratings said Thursday. The ratings agency expects international trade to grow by 1.9% this year, down from the 5.5% growth rate seen in 2022, and sees world GDP rising by 2%, down from last year's 2.7%. "Trade growth...
